Used primarily in research and industrial applications, it serves as a key intermediate in the synthesis of various dyes, pigments, and organic compounds. It is also employed in the production of pharmaceuticals, particularly in the development of drugs targeting specific biological pathways. Additionally, it plays a role in the manufacture of agrochemicals, contributing to the creation of pesticides and herbicides. In analytical chemistry, it is utilized as a reagent for detecting and quantifying certain substances. Its applications extend to material science, where it aids in the development of advanced polymers and coatings.