Used as an intermediate in the synthesis of various pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. It serves as a key building block in the production of dyes and pigments, contributing to vibrant and stable colors in industrial applications. Additionally, it is employed in organic chemistry research for the creation of complex molecules due to its versatile reactivity. Its role in the development of agrochemicals is also notable, aiding in the formulation of pesticides and herbicides. In materials science, it is utilized in the production of luminescent materials or compounds for electronic devices owing to its distinctive optical properties.