Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure allows it to participate in various chemical reactions, making it valuable for creating complex molecules. Additionally, it is employed in the synthesis of dyes and pigments, contributing to the coloration of textiles and other materials. In research settings, it serves as a building block for the development of novel compounds with potential therapeutic properties. Its applications extend to agrochemicals, where it is used in the formulation of pesticides and herbicides, aiding in crop protection and yield improvement.