Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and fine chemicals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. Additionally, it is employed in the synthesis of dyes and pigments, contributing to the coloration of textiles and other materials. Its structural properties make it suitable for use in research and development, particularly in the study of novel organic compounds and their potential applications in medicine and industry.