Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, including anti-inflammatory and analgesic medications. Its role in organic synthesis is crucial for creating compounds with potential therapeutic effects. Additionally, it finds application in the development of dyes and pigments, contributing to the coloration of textiles and other materials. In research, it is utilized to study chemical reactions and develop new synthetic pathways, aiding in the advancement of medicinal chemistry and material science.