Used primarily in the synthesis of pharmaceutical compounds, it serves as a key intermediate in the production of various drugs. Its structure is particularly valuable in the development of antipsychotic medications, where it contributes to the efficacy and stability of the active ingredients. Additionally, it finds application in the creation of dyes and pigments, enhancing color fastness and durability in textile and industrial applications. Its role in organic synthesis also extends to the preparation of complex molecules for research and development in medicinal chemistry.