Primarily used in industrial and research settings, it serves as a key intermediate in the synthesis of various organic compounds. Its application extends to the production of dyes, where it plays a crucial role in forming complex colorants. Additionally, it is utilized in the pharmaceutical industry for the development of certain active pharmaceutical ingredients (APIs). In agriculture, it contributes to the formulation of specific pesticides and herbicides, aiding in crop protection. Its versatile nature also makes it valuable in polymer chemistry, where it is involved in creating specialized resins and coatings.