Used in the synthesis of pharmaceuticals and fine chemicals, particularly as an intermediate in the production of anti-inflammatory agents and UV absorbers. It serves as a building block in organic synthesis due to the presence of both carboxylic acid and ketone functional groups, enabling diverse chemical transformations. Commonly employed in the development of fragrances and specialty esters, it contributes to the stability and lipophilicity of final products. Also utilized in polymer chemistry to modify resin properties and enhance photo-stability in coatings.