Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of dyes and pigments, imparting specific color properties to the final products. It is also employed in the development of agrochemicals, where it contributes to the creation of active ingredients for crop protection. Additionally, it finds application in pharmaceutical research, serving as a building block for the synthesis of various bioactive molecules. Its unique structure makes it valuable in the preparation of complex organic compounds in academic and industrial laboratories.