Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of herbicides and fungicides, where its structure contributes to the efficacy of the final product. Additionally, it is utilized in the synthesis of certain dyes and pigments, enhancing their stability and color properties. In research, it acts as a building block for creating more complex molecules, aiding in the study of chemical reactions and material properties. Its role in these applications underscores its importance in both industrial and academic settings.