Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and fine chemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as anti-inflammatory and anticancer agents. Additionally, it is employed in the synthesis of dyes and pigments due to its aromatic properties. In research, it is utilized to study reaction mechanisms and to develop new synthetic methodologies. Its versatility makes it a useful building block in the creation of complex organic molecules.