Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of herbicides and pesticides, where it contributes to the development of effective crop protection agents. Additionally, it is utilized in the manufacture of certain dyes and pigments, aiding in the creation of vibrant and stable colors for industrial applications. Its chemical properties make it a key component in research and development for new chemical entities, particularly in the field of medicinal chemistry.