Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further chemical modifications, making it valuable in the development of active ingredients for drugs targeting specific diseases. Additionally, it finds application in the synthesis of dyes and pigments, contributing to the coloration of materials in the textile and printing industries. Its role in research is also notable, aiding in the study of reaction mechanisms and the development of new synthetic pathways.