This compound is primarily utilized in the synthesis of various organic molecules, particularly in the production of dyes and pigments. Its structure makes it a valuable intermediate in the creation of azo dyes, which are widely used in the textile industry for coloring fabrics. Additionally, it serves as a building block in the preparation of heterocyclic compounds, which are essential in pharmaceutical research for developing drugs with potential therapeutic applications. Its role in chemical synthesis also extends to the field of agrochemicals, where it contributes to the development of compounds used in crop protection and pest control.