Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. It is often employed in the synthesis of complex molecules due to its reactive sulfonyl and carbonyl groups, which facilitate the formation of carbon-carbon and carbon-heteroatom bonds. Additionally, it finds application in the development of dyes and pigments, where its structural properties help in achieving desired color characteristics. In research settings, it serves as a building block for the creation of novel compounds with potential biological activity.