Used primarily in the synthesis of dyes and pigments, this compound plays a crucial role in producing vibrant and stable colors for textiles and inks. It is also employed in the preparation of certain pharmaceutical intermediates, contributing to the development of active pharmaceutical ingredients. Additionally, it finds application in organic synthesis as a building block for more complex chemical structures, particularly in research and industrial settings. Its properties make it suitable for use in the production of agrochemicals, aiding in the formulation of pesticides and herbicides.