Used in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) for treating various diseases. It serves as a key intermediate in the production of heterocyclic compounds, which are essential in medicinal chemistry. Additionally, it is employed in the creation of dyes and pigments, contributing to the coloration of textiles and other materials. Its role in organic synthesis also extends to the preparation of ligands for catalysis, enhancing the efficiency of chemical reactions in industrial processes.