Used in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. It serves as a key building block in organic synthesis, enabling the creation of complex molecules with potential biological activity. Additionally, it is employed in the production of dyes and pigments, contributing to the coloration of materials in the textile and printing industries. Its functional groups make it versatile for further chemical modifications, allowing for the development of specialized compounds in research and industrial settings.