This chemical is primarily utilized in the field of organic synthesis, particularly in the development of light stabilizers and UV absorbers. It is commonly incorporated into polymers and coatings to enhance their resistance to ultraviolet radiation, thereby preventing degradation and extending the lifespan of materials exposed to sunlight. Additionally, it finds application in the production of certain pharmaceuticals and agrochemicals, where it acts as an intermediate in the synthesis of more complex molecules. Its ability to absorb UV light makes it valuable in protecting sensitive compounds and materials from photochemical reactions.