Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of analgesic and anti-inflammatory drugs. It serves as a key building block in the development of pyrazolone-based compounds, which exhibit biological activity such as pain relief and fever reduction. Also employed in the preparation of dyes and pigments due to its aromatic structure and reactivity. Its derivatives are explored in agrochemicals for crop protection agents. Additionally, it finds use in research laboratories for the development of novel heterocyclic compounds with potential therapeutic applications.