This compound is primarily utilized in the synthesis of various organic intermediates, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block in the development of herbicides, where its structure contributes to the effectiveness of targeting specific weeds. Additionally, it is employed in research and development for creating novel compounds with potential therapeutic applications, such as anti-inflammatory or antimicrobial agents. Its role in organic synthesis also extends to the creation of dyes and pigments, where its chemical properties help achieve desired color characteristics.