Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various dyes and pigments, particularly azo dyes, which are widely applied in textiles, inks, and coatings. It is also employed in the synthesis of pharmaceutical compounds, where it acts as a building block for active ingredients. Additionally, it finds use in research laboratories for the preparation of specialized chemicals and in the development of analytical reagents for detecting specific substances. Its role in the synthesis of complex organic molecules makes it valuable in both industrial and academic settings.