Widely used in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. Its role in the synthesis of complex organic compounds makes it valuable in research and industrial applications. Additionally, it is utilized in the manufacture of dyes and pigments, contributing to the vibrant colors in textiles and coatings. In agrochemicals, it acts as a precursor for herbicides and pesticides, enhancing crop protection and yield. Its versatile nature also extends to the field of material science, where it aids in the creation of polymers and specialty chemicals with tailored properties.