Used as an intermediate in the synthesis of pharmaceuticals and other biologically active compounds. Its functional groups allow for easy modification in multi-step organic reactions. Commonly employed in the preparation of agrochemicals, particularly pesticides and fungicides, and specialty polymers due to its reactivity and stability in various reaction conditions. Also serves as a building block in the development of ligands for catalysis and in the manufacture of certain dyes and optical brighteners. This compound is utilized in research laboratories for constructing complex molecules with specific structures.