Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Its reactivity allows for the introduction of benzoyl groups into organic molecules, facilitating the formation of esters, amides, and other derivatives. Commonly employed in the production of dyes and pigments due to its ability to modify aromatic structures. Also finds use in polymer chemistry as a modifying agent for resins and plastics, enhancing thermal stability and resistance to degradation. The propoxy side chain enables solubility in non-polar solvents, making it suitable for reactions in organic media.