Used as an intermediate in organic synthesis, particularly in the production of UV-absorbing compounds and antioxidants. Commonly employed in the development of sunscreen agents due to its ability to absorb ultraviolet light. Also utilized in the synthesis of liquid crystals and pharmaceuticals where phenolic ester functionality is required. Its structural properties make it suitable for use in polymer stabilization, helping to prevent degradation caused by light exposure. Additionally, the phenolic group enables effective free radical scavenging, supporting applications in cosmetics to inhibit oxidation-induced browning and enhance product stability.