Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. It is particularly valuable in the development of herbicides and fungicides, where its structural properties contribute to the effectiveness of the final product. Additionally, it plays a role in the creation of certain dyes and pigments, leveraging its chemical structure to achieve desired color properties. Its application in organic synthesis also extends to the preparation of complex molecules for research and industrial purposes.