Used primarily as an intermediate in the synthesis of various chemical compounds, including antioxidants, resins, and pharmaceuticals. It is also employed in the production of disinfectants and antiseptics due to its antimicrobial properties. In the agricultural sector, it serves as a precursor for the manufacture of pesticides and herbicides. Additionally, it finds application in the creation of specialty chemicals used in the rubber and plastic industries to enhance material properties. Its role in organic synthesis is significant, particularly in the development of complex molecules for industrial and research purposes.