Primarily used in the synthesis of dyes and pigments, this compound plays a crucial role in producing colorants for textiles, plastics, and inks. Its chemical structure allows it to form stable, vibrant colors when incorporated into various materials. Additionally, it serves as an intermediate in the production of agrochemicals, particularly herbicides and fungicides, aiding in crop protection. In the pharmaceutical industry, it is utilized in the development of certain active pharmaceutical ingredients (APIs), contributing to the creation of medications for specific therapeutic purposes. Its versatility in organic synthesis makes it valuable for research and industrial applications.