Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its functional groups—hydroxyl and ester—allow for selective reactions such as esterification, oxidation, and ether formation. Commonly employed in the development of UV-absorbing compounds due to its aromatic structure with multiple polar substituents. Also utilized in the synthesis of polymers and specialty resins where controlled polarity and reactivity are required. Shows potential in the formulation of photoinitiators for coatings and adhesives due to its ability to absorb UV light and participate in radical generation.