Used as an intermediate in organic synthesis, particularly in the development of liquid crystal materials for display technologies. It serves as a building block in the preparation of more complex esters and aromatic compounds used in pharmaceuticals and agrochemicals. Its structural stability and aromatic characteristics make it suitable for use in research involving photoresponsive and electro-optic materials. Also employed in the synthesis of certain UV absorbers and stabilizers for polymers, helping to enhance light resistance in coatings and plastics.