Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) for various therapeutic drugs. It plays a key role in the development of agrochemicals, including pesticides and herbicides, due to its ability to introduce specific functional groups into complex molecules. Additionally, it is utilized in the manufacture of dyes and pigments, contributing to the color stability and performance of these materials in industrial applications. Its unique structure makes it valuable in organic synthesis for constructing more complex chemical compounds.