Primarily used in the pharmaceutical industry as an intermediate in the synthesis of various drugs. It plays a role in the production of anti-inflammatory and analgesic medications due to its structural similarity to salicylic acid. Additionally, it is utilized in research and development for creating novel therapeutic compounds. In the field of material science, it serves as a building block for developing polymers and coatings with specific properties, such as enhanced durability or chemical resistance. Its application extends to analytical chemistry, where it is used as a reference standard or reagent in various chemical analyses.