Used primarily as an intermediate in the synthesis of various dyes and pigments, this compound plays a crucial role in the production of colorants for textiles, inks, and plastics. It is also employed in the development of agrochemicals, particularly in the formulation of herbicides and pesticides, where it contributes to the active ingredients that target specific weeds or pests. Additionally, it finds application in pharmaceutical research, serving as a building block in the creation of certain drugs, especially those with antimicrobial or antifungal properties. Its chemical structure allows for further functionalization, making it versatile in organic synthesis processes.