Used primarily in organic synthesis, this compound serves as an intermediate in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It is also utilized in the synthesis of dyes and pigments, contributing to the coloration of various materials. Additionally, it finds application in agricultural chemistry for the creation of herbicides and pesticides, aiding in crop protection and management. Its role in research and development is significant, often employed in the study of chemical reactions and the creation of novel compounds.