This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the development of drugs targeting neurological disorders, including those used for treating anxiety and depression. Additionally, it is employed in the creation of agrochemicals, particularly in the formulation of pesticides and herbicides that protect crops from pests and weeds. Its role in organic synthesis also extends to the production of dyes and pigments, contributing to the coloration of textiles and materials. Furthermore, it is used in research laboratories for the development of new chemical entities with potential therapeutic applications.