Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. It is particularly valuable in the development of herbicides and fungicides, where its structure contributes to the efficacy of the final product. Additionally, it finds application in organic synthesis, aiding in the creation of complex molecules for research and industrial purposes. Its role in the manufacturing of dyes and pigments is also notable, enhancing color stability and performance.