Widely used in the synthesis of agrochemicals, particularly in the development of pesticides and herbicides due to its ability to act as a key intermediate in creating compounds that target pests and weeds effectively. It also plays a significant role in the pharmaceutical industry, where it serves as a building block for the production of various drugs, including anti-inflammatory and antimicrobial agents. Additionally, it is utilized in the preparation of dyes and pigments, contributing to the coloration of materials in the textile and printing industries. Its versatility in organic synthesis makes it valuable in research and development for creating novel chemical entities.