Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of herbicides and fungicides, where its structure contributes to the effectiveness of the final product. Additionally, it finds application in the synthesis of dyes and pigments, enhancing color stability and intensity. Its role in research and development is also notable, as it aids in the creation of novel compounds with potential therapeutic and industrial uses.