Used primarily in the synthesis of dyes and pigments, this compound serves as an intermediate in the production of various colorants for textiles and industrial applications. It is also employed in the manufacture of agrochemicals, including herbicides and pesticides, where it acts as a key building block in the development of active ingredients. Additionally, it finds use in pharmaceutical research for creating compounds with potential therapeutic properties. Its role in organic synthesis extends to the production of specialty chemicals and polymers, contributing to advancements in material science.