Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various drugs, particularly those with anti-inflammatory and analgesic properties. It is also employed in the production of dyes and pigments, where it acts as a precursor for creating colorants with specific shades and properties. In addition, it finds application in organic synthesis as a building block for more complex chemical compounds. Its water-soluble nature makes it suitable for formulations in liquid or aqueous-based products.