Used primarily in the synthesis of organic compounds, this chemical serves as a key intermediate in the production of dyes and pigments, contributing to vibrant and stable colors in textiles and inks. It is also employed in the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. Additionally, it finds application in agrochemical research for designing novel pesticides or herbicides. Its unique structure allows it to act as a building block in organic reactions, facilitating the creation of complex molecules in various industries.