Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it valuable in creating complex molecules. Additionally, it is utilized in the synthesis of agrochemicals, contributing to the development of pesticides and herbicides. In research, it serves as a building block for the preparation of various heterocyclic compounds, which are important in medicinal chemistry and material science. Its application extends to the field of dyes and pigments, where it aids in the creation of specialized colorants.