Used primarily as a growth regulator in plant tissue culture, this compound helps stimulate cell division and elongation, promoting healthier and faster plant development. It is also employed in agricultural research to study plant hormone activity and its effects on crop yield. Additionally, it serves as an intermediate in the synthesis of various agrochemicals and pharmaceuticals, contributing to the development of herbicides and other plant growth regulators. Its role in enhancing root formation in cuttings makes it valuable in horticulture and plant propagation.