Primarily used as an intermediate in the synthesis of various organic compounds, it plays a crucial role in the production of dyes, pigments, and agrochemicals. Its chemical structure makes it valuable in the manufacturing of specialty chemicals, including pharmaceuticals, where it serves as a building block for more complex molecules. Additionally, it is utilized in the development of certain polymers and resins, contributing to their stability and performance. In research and industrial settings, it is often employed in organic reactions to introduce specific functional groups, aiding in the creation of novel materials and compounds.