Used primarily in organic synthesis, this compound serves as a key intermediate in the production of dyes and pigments. Its structure allows it to participate in various chemical reactions, making it valuable for creating complex organic molecules. Additionally, it finds application in research laboratories for studying amine-related reactions and mechanisms. In the pharmaceutical industry, it can be utilized in the development of certain drugs, particularly those requiring specific amine functional groups. Its stability and reactivity make it a versatile reagent in both industrial and academic settings.