Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals, agrochemicals, and dyes. It is particularly valuable in the synthesis of herbicides and fungicides, where it acts as a building block for active ingredients. Additionally, it is utilized in the preparation of benzoyl derivatives, which are essential in various chemical reactions. Its reactivity with amines and alcohols makes it a versatile reagent for creating complex molecules in industrial and research settings.