Used primarily in the synthesis of pharmaceuticals and organic compounds. It serves as a key intermediate in the production of various drugs, including antihypertensive agents and beta-blockers. Additionally, it is utilized in the manufacture of agrochemicals, such as herbicides and pesticides. Its role in organic synthesis extends to the development of fine chemicals and dyes, where it acts as a building block for more complex molecules. In research, it is employed in studies related to organic chemistry and material science, aiding in the development of new compounds with potential industrial applications.