Used primarily in the synthesis of organic compounds, it serves as a key intermediate in the production of pharmaceuticals and fine chemicals. Its hydroxyl groups make it a valuable building block for creating complex molecules with specific biological activities. In the pharmaceutical industry, it is utilized in the development of drugs targeting various therapeutic areas. Additionally, it finds application in the preparation of UV absorbers and stabilizers for polymers, enhancing the durability and performance of materials exposed to sunlight. Its role in organic synthesis also extends to the creation of dyes and pigments, contributing to vibrant and stable colorants for industrial use.