Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a building block in the development of bioactive molecules due to the presence of both hydroxyl and amide functional groups, which allow for further chemical modifications. Its structure supports chelation and hydrogen bonding, making it useful in ligand design for metal-catalyzed reactions. Also investigated for use in the synthesis of UV-absorbing compounds and in cosmetic formulations for its potential antioxidant properties.