Used primarily as a monomer and intermediate in organic synthesis, this compound plays a key role in the production of specialty polymers and copolymers. Its terminal alkene group allows for polymerization reactions, including coordination and radical mechanisms, making it useful in creating functionalized polyolefins with tailored properties. It is also employed in the synthesis of fine chemicals, pharmaceuticals, and agrochemicals where a phenyl-substituted hydrocarbon chain is required. Additionally, it serves as a building block in research settings for developing new materials with specific thermal or mechanical characteristics.