Used primarily as an intermediate in organic synthesis, it plays a crucial role in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its reactivity with various organic compounds makes it valuable in constructing complex molecular structures. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug development. In some cases, it serves as a precursor in the manufacture of dyes and pigments. Its versatility in chemical reactions also makes it useful in research laboratories for developing new synthetic methodologies.