Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of dyes and pigments, contributing to vibrant colorations in various industrial applications. It is also employed in the synthesis of pharmaceuticals, where it aids in the development of active pharmaceutical ingredients with specific therapeutic properties. Additionally, it serves as a building block in the creation of agrochemicals, enhancing the efficiency and effectiveness of pesticides and herbicides. In research settings, it is utilized as a reagent in chemical reactions to study reaction mechanisms and develop new synthetic pathways. Its versatility makes it valuable in multiple fields, including materials science, where it is used to develop advanced materials with unique properties.