This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of agrochemicals, particularly herbicides and pesticides, due to its structural properties that enhance the effectiveness of these products. Additionally, it is employed in the development of dyes and pigments, where its chemical structure contributes to the stability and colorfastness of the final products. In research and development, it is often used to create novel compounds with potential applications in medicinal chemistry, particularly in the design of drugs targeting specific biological pathways.