This chemical is primarily utilized in the synthesis of pharmaceutical intermediates. It serves as a key building block in the production of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and cardiovascular disorders. Its structure allows for effective modification, making it valuable in medicinal chemistry for developing compounds with specific biological activities. Additionally, it is employed in agrochemical research for creating novel pesticides and herbicides, leveraging its ability to interact with biological systems. Its versatility in organic synthesis also extends to the development of dyes and other fine chemicals, where its reactive sites facilitate further functionalization.