Used primarily as an intermediate in the synthesis of various pharmaceuticals and agrochemicals, this compound plays a crucial role in the development of active ingredients for medications and crop protection products. Its structural properties make it valuable in creating compounds with specific biological activities, particularly in the design of herbicides and fungicides. Additionally, it is employed in organic synthesis for the preparation of dyes and pigments, contributing to the production of colorants for industrial applications. Its versatility in chemical reactions allows for the creation of complex molecules used in research and industrial processes.