Used primarily in the cosmetic and skincare industry as a stabilizing agent in formulations. It helps to enhance the shelf life of products by preventing the degradation of active ingredients. Also employed in sunscreens due to its ability to absorb UV light, providing protection against harmful radiation. In pharmaceuticals, it acts as an intermediate in the synthesis of certain drugs, particularly those targeting skin conditions. Additionally, it finds use in research laboratories for studying photochemical reactions and developing new UV-absorbing compounds.