This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those involved in the development of analgesic and anti-inflammatory medications. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that target pain relief and inflammation management. Additionally, it is employed in organic synthesis for creating complex molecules used in research and drug discovery. Its role in the preparation of dyes and pigments also makes it valuable in the chemical industry for applications in coloring agents and material science.