Used primarily in the synthesis of dyes and pigments, it plays a crucial role in producing colorants for textiles, plastics, and inks. Its chemical structure allows it to form stable and vibrant colors, making it valuable in industries requiring high-quality dyes. Additionally, it serves as an intermediate in the production of certain pharmaceuticals, particularly those targeting specific biological pathways. In research, it is utilized to develop new organic compounds with potential applications in material science and biotechnology. Its versatility in chemical reactions makes it a key component in advanced organic synthesis processes.