Primarily used as an intermediate in the synthesis of various dyes and pigments, it plays a crucial role in the production of colorants for textiles, plastics, and inks. Its structure allows for the creation of vibrant and stable colors, making it valuable in industries requiring high-quality dye formulations. Additionally, it is employed in the development of agrochemicals, particularly in the synthesis of herbicides and pesticides, where its chemical properties enhance the effectiveness of these products. In pharmaceutical research, it serves as a building block for the synthesis of complex molecules, contributing to the development of new drugs and active pharmaceutical ingredients. Its versatility and reactivity make it a key component in organic synthesis across multiple industries.