Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of compounds targeting neurological and cardiovascular disorders. Additionally, it is employed in the development of herbicides and pesticides, where its chemical properties help in enhancing the efficacy of these agricultural chemicals. In material science, it contributes to the production of specialized polymers and coatings, improving their durability and performance. Its role in organic synthesis extends to the preparation of dyes and pigments, where it aids in achieving desired color properties and stability.