Used primarily in the synthesis of dyes and pigments, it serves as a key intermediate in producing vibrant colors for textiles and inks. In the pharmaceutical industry, it acts as a precursor in the development of various drugs, particularly those targeting specific biochemical pathways. Additionally, it finds application in agrochemicals, aiding in the creation of pesticides and herbicides that protect crops from pests and weeds. Its role in organic synthesis is also notable, contributing to the production of complex organic compounds used in research and industrial processes.