This compound is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a building block in the creation of active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting inflammation, pain, and other therapeutic areas. Its structure allows for further functionalization, making it valuable in the design of complex molecules. Additionally, it is utilized in research laboratories for studying chemical reactions and developing novel compounds with potential industrial applications. Its role in synthesizing dyes and pigments is also noteworthy, contributing to advancements in material science and manufacturing processes.