This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a key role in the introduction of sulfonyl and acyl groups into various compounds, enabling the creation of complex molecules with specific biological activities. Additionally, it is utilized in the development of dyes and pigments, where its reactive sites facilitate the formation of stable and vibrant colorants. Its versatility in chemical reactions makes it valuable in research and industrial applications for creating specialized compounds.