Used primarily in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds with potential therapeutic effects, such as anti-inflammatory and anti-cancer agents. Additionally, it is employed in agrochemical research for creating pesticides and herbicides due to its structural properties that can be modified to target specific pests or weeds. In material science, it finds application in the synthesis of organic dyes and pigments, contributing to the development of colorants for various industrial uses. Its versatility in chemical reactions makes it a valuable building block in organic synthesis across multiple industries.