Primarily used as an intermediate in the synthesis of various pharmaceuticals, this compound plays a crucial role in the development of active pharmaceutical ingredients (APIs). It is particularly valuable in the production of agrochemicals, where it serves as a key building block for herbicides and pesticides, enhancing their efficacy and specificity. Additionally, it finds application in the manufacture of dyes and pigments, contributing to the vibrant colors and stability of these materials. Its unique chemical structure also makes it a valuable component in organic synthesis, enabling the creation of complex molecules for research and industrial purposes.