Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the production of flavonoids and other bioactive molecules. It serves as a building block in organic reactions due to the presence of both hydroxyl and ketone functional groups, enabling condensation and substitution reactions. Commonly employed in the development of UV-absorbing compounds for use in sunscreens and cosmetic formulations. Also utilized in the preparation of agrochemicals and fragrances where specific aromatic ketone structures are required.