Used as a key intermediate in the synthesis of herbicides, particularly in the production of aryloxyphenoxypropionate class herbicides which are effective against grass weeds in broadleaf crops. Also serves as a building block in the development of pharmaceuticals, including certain antitumor and antimicrobial agents. Its structure allows for easy modification in organic synthesis, making it valuable in creating liquid crystal materials and dyes. Additionally, it finds use in research laboratories for developing new bioactive compounds due to its stable aromatic framework and reactive amine group.