Used primarily as an intermediate in the synthesis of pharmaceuticals and organic compounds. It plays a key role in the production of certain drugs, particularly those targeting neurological and cardiovascular conditions. Additionally, it is utilized in the development of dyes and pigments due to its ability to form stable complexes. In research, it serves as a building block for creating heterocyclic compounds, which are essential in medicinal chemistry and material science. Its applications also extend to agrochemicals, where it contributes to the formulation of pesticides and herbicides.