Used primarily as an intermediate in the synthesis of various chemical compounds, it plays a crucial role in the production of dyes and pigments, contributing to the vibrant colors in textiles and industrial materials. Additionally, it is employed in the manufacturing of agrochemicals, including herbicides and pesticides, aiding in crop protection and yield improvement. Its application extends to pharmaceuticals, where it serves as a building block for developing active ingredients in medications targeting specific health conditions. The compound's versatility makes it valuable in research and industrial processes, particularly in organic synthesis and chemical innovation.