Used primarily as an intermediate in the synthesis of various organic compounds, including pharmaceuticals, agrochemicals, and dyes. It plays a key role in the production of herbicides, insecticides, and fungicides, contributing to crop protection and agricultural efficiency. Additionally, it is utilized in the manufacturing of specialty chemicals, such as UV absorbers and polymer stabilizers, enhancing material durability and performance. Its reactivity with other compounds makes it valuable in creating complex molecules for research and industrial applications.