Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of anti-inflammatory and analgesic drugs, where its structure allows for effective modification to enhance therapeutic properties. Additionally, it finds application in the preparation of agrochemicals, contributing to the creation of herbicides and pesticides with improved efficacy and selectivity. Its role in organic synthesis extends to the production of dyes and pigments, where it aids in achieving desired color properties and stability. In research, it is utilized as a building block for the development of novel chemical entities, enabling the exploration of new therapeutic and industrial applications.