Used primarily as an intermediate in the synthesis of parabens, which are widely used as preservatives in cosmetics, pharmaceuticals, and food products due to their antimicrobial properties. Also serves as a building block in the production of liquid crystal polymers, which are used in high-performance plastics for electronics and industrial applications. Additionally, it finds use in the manufacture of dyes, adhesives, and as a starting material for pharmaceuticals such as certain antiseptics and anti-inflammatory agents. Its derivatives are also explored in the development of biodegradable polymers and green chemistry applications.