Used primarily in the production of resins and polymers, it acts as a key intermediate in creating materials with enhanced durability and chemical resistance. In the pharmaceutical industry, it serves as a building block for synthesizing various drugs, particularly those targeting inflammation and pain. Additionally, it finds application in the formulation of personal care products, such as skin creams and lotions, due to its moisturizing and stabilizing properties. Its role in organic synthesis also extends to the manufacture of dyes and agrochemicals, contributing to vibrant colorants and effective crop protection solutions.