Used primarily in organic synthesis, it serves as an intermediate for producing agrochemicals, pharmaceuticals, and dyes. It is particularly valuable in the preparation of herbicides and insecticides, where it acts as a key building block. Additionally, it is employed in the manufacture of UV absorbers and stabilizers for plastics, enhancing their durability and performance. In the pharmaceutical industry, it is utilized to synthesize active pharmaceutical ingredients (APIs) and other fine chemicals. Its reactivity with various organic compounds makes it a versatile reagent in chemical research and industrial applications.