Used primarily in the synthesis of dyes and pigments, this compound plays a crucial role in producing vibrant colors for textiles, inks, and coatings. It also serves as an intermediate in the manufacture of agrochemicals, contributing to the development of pesticides and herbicides. In the pharmaceutical industry, it is utilized in the creation of various active pharmaceutical ingredients (APIs) for therapeutic drugs. Additionally, its application extends to the production of rubber chemicals, enhancing the properties of rubber products. Its versatility makes it valuable in organic synthesis and industrial chemistry.