Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients for drugs targeting specific diseases. Additionally, it serves as a building block in the synthesis of dyes and pigments, contributing to the coloration of materials in industries such as textiles and plastics. Its reactivity with other chemicals enables the creation of complex molecules, essential in advanced chemical research and industrial applications.