Primarily used in the synthesis of pharmaceuticals, particularly in the production of anti-inflammatory and analgesic drugs. It serves as a key intermediate in the manufacture of various organic compounds, including esters and amides, which are further utilized in drug development. Additionally, it finds application in the production of polymers and resins, where it acts as a monomer to enhance material properties such as durability and flexibility. In the field of organic synthesis, it is employed in the preparation of fine chemicals and specialty compounds. Its role in the creation of UV absorbers and stabilizers for plastics and coatings is also noteworthy, contributing to the longevity and performance of these materials.