Used primarily in medical treatments, it serves as an active ingredient in topical solutions for skin conditions like warts and verrucas. In research, it is studied for its potential to inhibit cancer cell growth by altering cellular metabolism. Additionally, it is employed in the synthesis of various organic compounds, including pharmaceuticals and agrochemicals. In industrial settings, it acts as an intermediate in the production of dyes and other chemicals. Its role in metabolic studies also extends to investigating its effects on enzymes and cellular pathways.