Used as an intermediate in the synthesis of UV-absorbing compounds for sunscreens and cosmetics due to its ability to absorb ultraviolet light. Also employed in the development of antioxidants and stabilizers in polymer systems, helping to prevent degradation from light and heat exposure. Shows potential in pharmaceutical research for its anti-inflammatory and estrogenic activity, making it a candidate for hormone-related therapeutic studies. Additionally, utilized in the preparation of specialty resins and coatings where enhanced thermal and oxidative stability are required.