Used primarily in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the development of drugs targeting various diseases. It is particularly valuable in the creation of molecules with potential anti-inflammatory and analgesic properties. Additionally, it finds application in agricultural chemistry, where it is utilized in the formulation of pesticides and herbicides to protect crops from pests and weeds. Its role in organic synthesis also extends to the production of dyes and other specialty chemicals, contributing to advancements in material science and industrial applications.