Primarily used in the synthesis of complex organic compounds, it serves as a key intermediate in the production of dyes and pigments, particularly in the creation of vibrant and stable colorants for textiles and inks. Its structure allows for modifications that enhance the performance of these dyes under various conditions. Additionally, it is employed in the development of pharmaceuticals, where it acts as a building block for active ingredients in certain medications, particularly those targeting specific biochemical pathways. In agrochemicals, it contributes to the formulation of pesticides and herbicides, improving their efficacy and selectivity. Its unique chemical properties also make it valuable in research and development for creating novel materials with specific electronic or optical characteristics.