Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of dyes and pigments, contributing to the vibrant colors in textiles and inks. It is also utilized in the pharmaceutical industry for the synthesis of various active pharmaceutical ingredients (APIs), aiding in the development of medications. Additionally, it serves as a building block in agrochemical manufacturing, helping to create pesticides and herbicides that protect crops. Its reactivity makes it valuable in research and development for exploring new chemical reactions and pathways.