Primarily utilized in the synthesis of dyes and pigments, this compound serves as a key intermediate in the production of colorants for textiles, plastics, and inks. Its role in the manufacturing of herbicides and pesticides is also significant, where it contributes to the development of effective agricultural chemicals that protect crops from weeds and pests. Additionally, it finds application in the pharmaceutical industry, acting as a building block for the creation of various active pharmaceutical ingredients. Its chemical properties make it a valuable component in organic synthesis, enabling the production of complex molecules used in diverse industrial processes.