Used as an intermediate in the synthesis of dyes and pigments, particularly in the production of azo dyes due to the presence of both amino and hydroxyl groups. Also employed in the development of pharmaceuticals where substituted benzoate derivatives are required for active drug components. Its ester functionality allows for easy modification in organic synthesis, making it valuable in creating more complex molecules. Additionally, it finds use in the preparation of UV absorbers and antioxidants in specialty polymers.