Used primarily in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of various drugs, particularly those targeting neurological disorders. It is also employed in the development of dyes and pigments, offering stability and colorfastness in textile and printing industries. Additionally, it finds application in the creation of organic electronic materials, contributing to advancements in optoelectronics and photovoltaics. Its role in agrochemical research is notable, aiding in the formulation of pesticides and herbicides with enhanced efficacy.