Widely used in the synthesis of organic compounds, particularly in the production of photoinitiators for UV-curable coatings and inks. It plays a crucial role in polymerization processes, enabling the rapid curing of materials under UV light. Additionally, it serves as an intermediate in the manufacture of pharmaceuticals and agrochemicals, contributing to the development of various active ingredients. Its application extends to the fragrance industry, where it is utilized in the creation of aromatic compounds for perfumes and personal care products.