Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the production of anti-inflammatory agents and photoinitiators for polymer chemistry. Its aldehyde and ketone functional groups allow for versatile reactivity, enabling derivatization into complex organic molecules. Commonly employed in UV-curable resin systems due to its ability to participate in photochemical reactions. Also utilized in the development of liquid crystals and organic semiconductors owing to its aromatic structure and electronic properties.