Used primarily in the production of UV-curable coatings and inks, this compound acts as a photoinitiator, facilitating the polymerization process when exposed to ultraviolet light. It is also employed in the manufacturing of adhesives and sealants, where it helps in achieving rapid curing and strong bonding properties. Additionally, it finds application in the electronics industry for coating optical fibers and printed circuit boards, enhancing their durability and resistance to environmental factors.