Used primarily as an intermediate in the synthesis of azo dyes and pigments, especially for producing yellow and orange shades in textile, ink, and paint applications. It plays a key role in the preparation of certain herbicides and pharmaceuticals due to its reactive functional groups. Its acetoacetyl moiety allows for condensation reactions with aromatic amines, making it valuable in organic synthesis for creating nitrogen-containing heterocyclic compounds. Also utilized in the development of agrochemicals, where it contributes to the formation of active ingredients in selective weed control agents.