Used primarily in the synthesis of dyes and pigments, it serves as an intermediate in the production of colorants for textiles, plastics, and inks. Its structure allows for the creation of complex organic compounds, making it valuable in the development of high-performance dyes with specific colorfastness and stability properties. Additionally, it finds application in the pharmaceutical industry, where it is utilized in the synthesis of certain active pharmaceutical ingredients (APIs) and intermediates. Its role in organic synthesis also extends to the production of agrochemicals, contributing to the development of pesticides and herbicides.