This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active ingredients for medications targeting various health conditions, including neurological disorders and cardiovascular diseases. Additionally, it is employed in the creation of herbicides and pesticides, contributing to effective crop protection and enhanced agricultural productivity. Its role in organic synthesis also extends to the development of dyes and pigments, where it aids in achieving specific color properties and stability.