Primarily used in the synthesis of dyes and pigments, this compound plays a crucial role in producing vibrant colors for textiles and inks. It is also employed in the pharmaceutical industry as an intermediate for manufacturing certain drugs, particularly those with antimicrobial properties. Additionally, it finds application in agrochemicals, contributing to the development of herbicides and pesticides that enhance crop protection. Its chemical structure allows it to act as a building block in organic synthesis, facilitating the creation of complex molecules in various industrial processes.