Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for further functionalization, making it valuable in creating compounds with specific biological activity. Commonly employed in organic reactions such as coupling and substitution reactions to build complex aromatic systems. Also utilized in the preparation of dyes and UV absorbers due to its phenolic and carbonyl functionalities.