Primarily used in the synthesis of pharmaceuticals, it serves as an intermediate in the production of various drugs, including analgesics and anti-inflammatory medications. It is also employed in the manufacture of agrochemicals, such as herbicides and pesticides, due to its ability to act as a building block for complex chemical structures. Additionally, it finds application in organic synthesis, particularly in the preparation of heterocyclic compounds, which are valuable in the development of dyes and pigments. Its role in the creation of specialty chemicals further extends to the production of UV absorbers and stabilizers for polymers, enhancing the durability and performance of plastic materials.