Primarily used in the synthesis of various organic compounds, it serves as an intermediate in the production of dyes, pigments, and agrochemicals. Its role is crucial in the development of herbicides and insecticides, where it contributes to the effective control of pests and weeds in agricultural settings. Additionally, it finds application in the pharmaceutical industry for the manufacture of certain active pharmaceutical ingredients (APIs). Its chemical properties make it valuable in research and development for creating novel compounds with specific functionalities.