Used as an intermediate in the synthesis of agricultural chemicals, particularly herbicides and insecticides. Its structure allows for further functionalization, making it valuable in creating active ingredients that target specific plant or pest systems. Also employed in the development of dyes and fluorescent compounds due to its electron-withdrawing groups, which enhance photostability and color intensity. In research, it serves as a building block in heterocyclic chemistry, facilitating the formation of complex ring systems for pharmaceutical exploration.