This chemical is primarily utilized in the synthesis of dyes and pigments, where it serves as a key intermediate. Its structure allows for the creation of complex colorants used in textiles, inks, and coatings. Additionally, it finds application in the development of agrochemicals, particularly in the production of herbicides and fungicides, due to its ability to act as a building block for active ingredients. In the pharmaceutical industry, it is employed in the synthesis of certain drug compounds, contributing to the development of therapeutic agents. Its versatility in organic synthesis makes it valuable for research and industrial processes requiring fine chemical intermediates.