Used primarily in organic synthesis, this chemical serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is also employed in the manufacture of dyes and pigments, contributing to the vibrant colors in textiles and inks. Additionally, it finds application in the development of fragrances and flavoring agents, enhancing sensory experiences in consumer products. Its role in research and development is significant, particularly in the study of organic reactions and the creation of novel compounds.