This chemical is primarily utilized as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its structure, featuring a benzotriazole moiety, makes it valuable for creating compounds with potential biological activity. It is often employed in the development of UV absorbers and light stabilizers, which are essential in protecting materials like plastics and coatings from degradation caused by ultraviolet radiation. Additionally, it can be used in the synthesis of corrosion inhibitors, helping to protect metal surfaces in industrial applications. Its versatility in forming stable compounds with various functional groups makes it a useful component in research and development across multiple industries.