Used primarily as an intermediate in the synthesis of various organic compounds, this chemical plays a crucial role in the production of dyes and pigments. Its structure allows for the creation of complex colorants used in textiles and industrial applications. Additionally, it serves as a building block in the development of agrochemicals, including herbicides and pesticides, contributing to enhanced crop protection and yield. In the pharmaceutical industry, it is utilized in the synthesis of active pharmaceutical ingredients (APIs) for medications targeting specific therapeutic areas. Its versatility in chemical reactions makes it valuable for research and development in organic chemistry.