Used in the synthesis of pharmaceuticals, particularly in the production of anticoagulants and anti-inflammatory drugs. Serves as an intermediate in the manufacture of dyes and fragrances due to its aromatic structure and reactivity. Employed in the preparation of agrochemicals, including certain herbicides and plant growth regulators. Utilized in organic synthesis for introducing hydroxybenzyl functional groups. Acts as a building block in the development of liquid crystals and specialty polymers. Also applied in research laboratories as a reagent for detecting and quantifying specific enzymes and biomolecules.