Used primarily in the synthesis of pharmaceutical compounds, it serves as an intermediate in the production of various drugs. Its structure is valuable in creating molecules with potential therapeutic effects, particularly in the development of analgesics and anti-inflammatory agents. Additionally, it finds application in organic synthesis for constructing complex aromatic compounds, contributing to advancements in material science and chemical research. Its role in dye manufacturing is also notable, where it aids in producing colorants for textiles and other industries.