This compound is primarily used as an intermediate in the synthesis of various dyes and pigments, particularly in the production of azo dyes, which are widely utilized in the textile industry for coloring fabrics. It also serves as a key building block in the manufacture of certain pharmaceuticals, especially non-steroidal anti-inflammatory drugs (NSAIDs) like nabumetone, which is used to treat pain and inflammation associated with arthritis. Additionally, it finds application in organic synthesis for creating complex molecules in research and industrial settings. Its role in these processes highlights its importance in both chemical manufacturing and medicinal chemistry.