Used primarily as an intermediate in the synthesis of dyes and pigments, it plays a crucial role in producing colorants for textiles, plastics, and inks. It is also employed in the manufacture of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. Additionally, it serves as a building block in organic synthesis, contributing to the creation of complex chemical compounds used in agrochemicals and other industrial products. Its reactivity and functional groups make it valuable in research and development for creating specialized chemicals.