Widely used in the pharmaceutical industry as a key intermediate in the synthesis of various drugs, particularly non-steroidal anti-inflammatory drugs (NSAIDs) and analgesics. It plays a crucial role in the production of compounds that help reduce pain, inflammation, and fever. Additionally, it is utilized in the development of dyes and pigments due to its ability to form stable and vibrant colorants. In organic chemistry, it serves as a building block for the creation of more complex molecules, aiding in research and development of new chemical entities. Its versatility also extends to agrochemical applications, where it contributes to the formulation of pesticides and herbicides.