This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting bacterial infections. It serves as a key intermediate in the production of antimicrobial agents, contributing to the development of drugs that combat resistant strains of bacteria. Additionally, it finds application in research laboratories for studying the structure-activity relationships of phenolic compounds, aiding in the design of more effective therapeutic molecules. Its role in organic synthesis also extends to the creation of specialized dyes and pigments used in industrial applications.