Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antidiabetic and antihypertensive drugs. It serves as a building block in the development of heterocyclic compounds due to its dual functional groups, enabling cyclization and condensation reactions. Also applied in agrochemicals for the formulation of herbicides and fungicides. Its aromatic and polar characteristics make it suitable for use in dye synthesis and in materials science for creating conductive polymers and organic semiconductors.