Used as an intermediate in the synthesis of various pharmaceuticals, including antihypertensive and antifungal agents. It is also employed in the production of agrochemicals, such as herbicides and pesticides, due to its reactivity and ability to form complex structures. In the dye industry, it serves as a precursor for manufacturing colorants and pigments. Additionally, it finds application in organic synthesis for creating specialized chemicals and polymers. Its role in research and development is significant for exploring new compounds and materials.