Used in organic synthesis as an intermediate for pharmaceuticals and fine chemicals. Its structure allows for bromine-based coupling reactions, making it valuable in constructing complex aromatic systems. Commonly employed in the development of bioactive molecules, including potential drug candidates targeting inflammation and cancer. Also utilized in the preparation of UV-absorbing compounds for use in sunscreens and stabilizers in polymer systems. The presence of both hydroxyl and acrylic acid functionalities enables derivatization for use in agrochemicals and dyes.