Used primarily in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a key building block in the manufacture of herbicides and fungicides, contributing to crop protection and agricultural productivity. Additionally, it is utilized in the development of dyes and pigments, enhancing color stability and performance in industrial applications. Its role in the synthesis of specialty chemicals also extends to the creation of UV absorbers and antioxidants, which are essential in materials science for improving the durability and lifespan of polymers and coatings.