Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is valuable in the development of compounds with potential biological activity, such as inhibitors or modulators of specific enzymes. In research, it is employed to study reaction mechanisms and to create novel chemical entities for drug discovery. Additionally, it finds application in the synthesis of dyes and pigments, contributing to the development of colorants for industrial use. Its versatility makes it a useful building block in the preparation of complex organic molecules.