Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a key role in the development of crop protection agents due to its stability and reactivity in coupling reactions. It is also employed in the production of dyes and pigments, where its aromatic structure and functional groups contribute to color fastness and light stability. In specialty polymer manufacturing, it acts as a building block for high-performance materials requiring thermal and oxidative resistance. Additionally, it serves in research settings for the preparation of novel organic compounds, particularly in medicinal chemistry for constructing bioactive molecules.