Used as an intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It plays a role in the development of UV absorbers and stabilizers for polymers, enhancing the durability of materials exposed to sunlight. Additionally, it is employed in the creation of liquid crystal displays (LCDs) and other electronic components due to its chemical stability and compatibility with advanced materials. Its applications also extend to research and development in organic chemistry, where it serves as a building block for complex molecules.