Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It plays a role in the development of dyes and pigments, contributing to the vibrant colors in textiles and inks. Additionally, it is utilized in research laboratories for studying reaction mechanisms and developing new chemical entities. Its application in analytical chemistry includes use as a reagent for detecting and quantifying specific substances. In industrial settings, it aids in the synthesis of complex organic molecules, enhancing the efficiency of chemical processes.