Used primarily in organic synthesis, it serves as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure allows for the introduction of functional groups, enabling the development of compounds with specific biological activities. It is also employed in the creation of dyes and pigments, where its aromatic ring system contributes to color stability and intensity. Additionally, it finds application in material science for the synthesis of advanced polymers and resins. Its versatility makes it valuable in research and industrial settings for designing molecules with tailored properties.