Used primarily as an intermediate in the synthesis of various organic compounds, including dyes, pigments, and pharmaceuticals. It plays a role in the production of antioxidants and stabilizers for polymers, enhancing the durability and performance of materials. Additionally, it is employed in research and development for creating specialized chemicals with specific industrial or medicinal properties. Its applications extend to agrochemicals, where it contributes to the formulation of pesticides and herbicides, aiding in crop protection and yield improvement.