Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting cardiovascular and central nervous system disorders. Its role in organic synthesis extends to the development of agrochemicals, where it contributes to the creation of pesticides and herbicides. Additionally, it finds application in the production of dyes and pigments, enhancing color stability and performance in industrial applications. Its versatility in chemical reactions makes it valuable in research and development for creating novel compounds with specific properties.