Used primarily as an intermediate in organic synthesis, it plays a key role in the production of various pharmaceuticals and agrochemicals, such as herbicides, insecticides, anti-inflammatory drugs, and antifungal agents. Its reactivity with amines and alcohols makes it valuable for creating complex molecules in drug development. Additionally, it is employed in the manufacture of dyes and pigments, contributing to the coloration of textiles and materials. In polymer chemistry, it serves as a modifying agent to enhance the properties of synthetic resins and plastics. Its versatility in chemical reactions underscores its importance in industrial and research applications.