Used primarily in the synthesis of organic compounds, it serves as a key intermediate in the production of pharmaceuticals and fine chemicals. Its structure is particularly valuable in the development of UV absorbers and photoinitiators for coatings and inks. Additionally, it finds application in the research and development of advanced materials, particularly in the field of polymer chemistry, where it contributes to the creation of specialized resins and plastics with enhanced properties. Its role in medicinal chemistry is also notable, as it is utilized in the design of molecules with potential therapeutic effects.