Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of dyes and pigments, where it contributes to the creation of stable and vibrant colors. Additionally, it plays a role in the synthesis of complex organic molecules, often acting as a building block in the preparation of more specialized chemicals. Its application extends to research and development laboratories, where it is utilized in the study of chemical reactions and the development of new compounds.