Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a key role in forming ureas and urethanes through reactions with amines and alcohols. Its bulky tert-butyl group enhances steric stability, making it valuable in creating light-stable polyurethanes for coatings and specialty polymers. It is also employed in the development of photoresists and optical materials due to its aromatic structure and reactivity. Due to its sensitivity to moisture, it is handled under anhydrous conditions in industrial processes.