Used primarily as an intermediate in the synthesis of UV absorbers and light stabilizers for polymers, this compound plays a key role in enhancing the durability of plastics and coatings exposed to sunlight. Its derivatives are commonly found in sunscreens and cosmetic formulations due to their ability to absorb ultraviolet radiation, particularly in the UVA region. It is also employed in the production of dyes and pigments where lightfastness is critical. In agrochemicals, it serves as a building block for certain herbicides and plant growth regulators. The compound’s structure allows for easy modification, making it valuable in research and development of new photo-stable materials.