Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those with antibacterial and anti-inflammatory properties. In the dye industry, it is utilized to create specific colorants and pigments, contributing to the development of vibrant and stable dyes. Additionally, it plays a role in organic synthesis, aiding in the construction of complex molecules for research and industrial applications. Its unique structure makes it valuable in the development of compounds with potential therapeutic and industrial uses.