Used in the synthesis of pharmaceuticals, particularly in the development of drugs targeting cardiovascular and neurological conditions. It serves as a key intermediate in the production of compounds with vasodilatory and neuroprotective properties. Additionally, it is utilized in the manufacture of dyes and pigments, contributing to the vibrant colors in textiles and industrial materials. Its antioxidant properties make it valuable in cosmetic formulations, where it helps stabilize products and protect skin from oxidative stress. In research, it is employed as a reagent in organic synthesis to create complex molecules for various scientific studies.