This compound is primarily utilized in the synthesis of organic materials, particularly in the production of UV absorbers and light stabilizers for polymers. It plays a key role in enhancing the durability and performance of plastics, coatings, and adhesives by protecting them from degradation caused by ultraviolet radiation. Additionally, it serves as an intermediate in the manufacture of pharmaceuticals and agrochemicals, contributing to the development of active ingredients for various therapeutic and agricultural applications. Its chemical structure makes it valuable in organic synthesis for creating complex molecules with specific functional properties.