Primarily used in organic synthesis, this compound serves as a key intermediate in the production of more complex chemical structures. Its applications extend to the development of pharmaceuticals, where it is utilized in the synthesis of active pharmaceutical ingredients (APIs) that target various therapeutic areas. Additionally, it finds use in the agrochemical industry for the creation of pesticides and herbicides, contributing to crop protection strategies. In material science, it is employed in the synthesis of dyes and pigments, enhancing the color properties of materials. Its role in research and development is significant, as it aids in the study of chemical reactions and the exploration of new chemical entities.