Used primarily in the synthesis of dyes and pigments, it serves as an intermediate in the production of colorants for textiles and plastics. It is also employed in research and development for creating organic compounds with specific properties, such as fluorescence or stability under various conditions. Additionally, it finds application in the manufacturing of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its role in the synthesis of pharmaceuticals is notable, particularly in the development of compounds with potential therapeutic effects.