Used primarily as an intermediate in the synthesis of various organic compounds, particularly in the production of dyes and pigments. It plays a role in the development of colorants for textiles, inks, and plastics. Additionally, it is utilized in the creation of antioxidants and stabilizers for polymers, enhancing their durability and resistance to degradation. In the pharmaceutical industry, it serves as a building block for certain active pharmaceutical ingredients (APIs). Its sterically hindered structure makes it valuable in research for designing molecules with specific properties, such as improved thermal stability or reduced reactivity.