Used primarily in the synthesis of dyes and pigments, this compound plays a crucial role in the production of colorants for textiles, inks, and plastics. It is also employed in the manufacture of certain agrochemicals, where it serves as an intermediate in the development of herbicides and fungicides. Additionally, it finds application in organic synthesis, particularly in the creation of complex aromatic compounds used in pharmaceuticals and specialty chemicals. Its reactivity and structure make it valuable in research and industrial processes where precise chemical modifications are required.