Used primarily as a key intermediate in organic synthesis, it plays a crucial role in the production of photoinitiators for UV-curable coatings, inks, and adhesives. Its ability to generate free radicals under UV light makes it valuable in initiating polymerization processes, ensuring rapid curing and enhanced durability of the final products. Additionally, it is employed in the synthesis of pharmaceuticals and agrochemicals, where it acts as a building block for more complex molecules. Its reactivity with various nucleophiles also makes it useful in creating specialized organic compounds for research and industrial applications.