Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. It is particularly valuable in the development of anti-inflammatory and analgesic medications, where its structure contributes to the efficacy of the final product. Additionally, it finds application in agrochemicals, aiding in the creation of herbicides and pesticides that protect crops from pests and diseases. In material science, it is utilized in the production of dyes and pigments, enhancing color stability and durability in textiles and plastics. Its role in organic synthesis also extends to the creation of complex molecules for research and industrial purposes.