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Benzilic acid is used in organic synthesis, as a base point for preparation of glycollate pharmaceuticals and some hallucinogenic (deliriant) drugs - BZ, and Benactyzine being two examples. It is also used to determine zirconium and to get benzophenone.
Stanley Selman.; Jerome F. Eastham. Benzilic acid and related rearrangements. Q. Rev. Chem. Soc. 1960, 14 221-235.
Harold R. Nace.; David H. Norsteroids. V. The Application of the Benzilic Acid Rearrangement to the Synthesis of A-Norpregnanes1,2. J. Org. Chem. 1964, 29 (7), 1677-1681.
Hazard Statements: H302-H315-H319-H335
Harmful if swallowed. Causes skin irritation. Causes serious eye irritation. May cause respiratory irritation.
Precautionary Statements: P280f-P405-P403+P233
Wear protective clothing. Store locked up. Store in a well-ventilated place. Keep container tightly closed.