Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of anti-inflammatory and analgesic drugs. It is also employed in the manufacture of dyes and pigments, contributing to the vibrant colors in textiles and inks. In organic chemistry, it serves as a chiral building block for the preparation of enantiomerically pure compounds, which are crucial in asymmetric synthesis. Additionally, it finds application in the development of liquid crystals used in display technologies, enhancing the performance of electronic screens.