This chemical is widely used in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of compounds with anti-inflammatory, analgesic, and antipyretic properties. Additionally, it is utilized in the development of UV absorbers for sunscreen formulations, where it helps protect the skin from harmful ultraviolet radiation. In organic synthesis, it serves as a building block for creating complex molecules, particularly in the preparation of fine chemicals and specialty polymers. Its versatility also extends to research applications, where it is employed in studies related to photochemistry and material science.