Used primarily as an intermediate in the synthesis of herbicides and pesticides, it plays a crucial role in agricultural chemistry. Its derivatives are effective in controlling a wide range of weeds and pests, enhancing crop protection and yield. Additionally, it finds application in the development of pharmaceuticals, particularly in the creation of compounds with potential antibacterial and antifungal properties. Its utility in organic synthesis also extends to the production of dyes and pigments, contributing to various industrial processes.