Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a role in the synthesis of various heterocyclic compounds, which are essential in drug development. Additionally, it is utilized in the manufacture of dyes and pigments due to its reactive ester group. In the agrochemical industry, it serves as a building block for the synthesis of active ingredients in pesticides and herbicides. Its versatility in chemical reactions makes it valuable in research and industrial applications.