Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a crucial role in the development of active ingredients for drugs and crop protection products. Its incorporation into complex molecules helps enhance their biological activity and stability. Additionally, it is employed in the production of dyes and pigments, contributing to the creation of vibrant and durable colorants for various industrial applications. Its unique chemical structure allows it to act as a building block in organic synthesis, facilitating the creation of diverse chemical entities.