Used primarily in the synthesis of organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key intermediate in the creation of complex molecules, including heterocyclic compounds, which are essential in drug development. Additionally, it is employed in the manufacture of dyes and pigments due to its ability to form stable, colored structures. In research, it is utilized for studying reaction mechanisms and developing new synthetic pathways. Its versatile nature makes it valuable in various industrial and laboratory applications.