Used primarily as an intermediate in organic synthesis, this compound plays a role in the production of dyes, pigments, and other aromatic chemicals. Its structure makes it valuable in creating complex molecules for industrial applications, particularly in the field of specialty chemicals. Additionally, it may be utilized in research settings to study aromatic substitution reactions and develop new synthetic pathways. Its applications extend to the pharmaceutical industry, where it can serve as a building block for active pharmaceutical ingredients (APIs) or other biologically active compounds.