Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of active ingredients for medications, especially those targeting neurological and inflammatory conditions. Additionally, it finds application in the synthesis of dyes and pigments, contributing to the coloration of textiles and materials. Its role in research is also notable, as it aids in the study of chemical reactions and the development of new compounds with potential therapeutic properties.