This compound is primarily used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows it to participate in various chemical reactions, making it valuable for creating complex molecules. It is often utilized in the synthesis of biologically active compounds, including potential drug candidates, due to its ability to introduce specific functional groups into target molecules. Additionally, it may find application in the preparation of dyes, pigments, or other specialty chemicals where its unique chemical properties are advantageous.