Used primarily in the synthesis of dyes and pigments, this compound plays a crucial role in creating colorants for textiles, inks, and coatings. It is also employed in the production of certain pharmaceuticals, where it serves as an intermediate in the synthesis of active ingredients. Additionally, it finds application in agrochemicals, contributing to the development of herbicides and pesticides. Its chemical structure allows it to act as a building block in organic synthesis, facilitating the creation of complex molecules.