Used primarily in the synthesis of agrochemicals and pharmaceuticals, this compound serves as a key intermediate in the production of herbicides and fungicides. Its structure allows for further chemical modifications, making it valuable in creating compounds that target specific pests or pathogens. Additionally, it is employed in organic synthesis for the development of dyes and pigments, contributing to the coloration of various industrial materials. Its role in research is also significant, as it aids in the study of chemical reactions and the development of new molecules with potential applications in diverse fields.