Used primarily in the field of organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of drugs targeting neurological disorders, where it acts as a building block for more complex molecules. Additionally, it finds application in the creation of dyes and pigments, contributing to the vibrant colors in textiles and industrial materials. Research also explores its potential in agrochemicals, particularly in formulating compounds that protect crops from pests and diseases. Its versatility in chemical reactions makes it a key component in advancing both medicinal and industrial chemistry.