Used primarily in the synthesis of dyes and pigments, this compound plays a crucial role in the production of colorants for textiles, inks, and coatings. Its chemical structure allows it to act as an intermediate in the creation of complex dye molecules, enhancing color stability and intensity. Additionally, it is employed in organic synthesis for the development of pharmaceuticals, particularly in the production of compounds with potential therapeutic properties. Its application extends to the field of agrochemicals, where it is utilized in the formulation of certain pesticides and herbicides, contributing to effective crop protection and management.