Used primarily in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It serves as a key intermediate in the production of various drugs, including those targeting central nervous system disorders. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its role in organic synthesis extends to the preparation of dyes and pigments, enhancing color properties in industrial applications. The compound's versatility also makes it valuable in research and development for exploring new chemical entities and their potential uses.