Primarily used as an intermediate in the synthesis of dyes and pigments, it plays a crucial role in producing colorants for textiles, inks, and coatings. Its chemical structure allows it to act as a building block for more complex molecules, enabling the creation of vibrant and stable colors. Additionally, it finds application in the pharmaceutical industry, where it serves as a precursor in the synthesis of certain active pharmaceutical ingredients (APIs). Its versatility in organic synthesis also makes it valuable in research and development for creating novel compounds with potential industrial or medicinal uses.