Used primarily in the synthesis of pharmaceuticals and organic compounds, it serves as a key intermediate in the production of various drugs, particularly those targeting cardiovascular and neurological conditions. Its antioxidant properties make it valuable in cosmetic formulations, where it helps protect skin from oxidative stress and aging. Additionally, it is utilized in the development of dyes and pigments due to its ability to form stable colorants. In research, it acts as a building block for complex molecules, aiding in the study of chemical reactions and material properties. Its versatility also extends to industrial applications, where it is employed in the manufacture of adhesives and coatings.