Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. Additionally, it serves as a building block in the manufacture of specialty chemicals, including dyes and coatings, where it aids in achieving desired chemical properties and performance characteristics. Its versatility in various chemical reactions makes it valuable in research and industrial applications.