Used primarily as an intermediate in the synthesis of pharmaceuticals and organic compounds. It plays a key role in the production of certain UV absorbers and light stabilizers, which are essential in coatings, plastics, and personal care products to protect against UV degradation. Additionally, it is utilized in the manufacture of dyes and pigments, contributing to color stability and performance in various industrial applications. Its chemical properties make it valuable in research and development for creating specialized materials with enhanced durability and resistance to environmental factors.