Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. In research, it is often employed in the study of nitration and halogenation reactions, aiding in the understanding of reaction mechanisms and the design of new chemical processes. Additionally, it finds application in the synthesis of dyes and pigments, contributing to the creation of specialized colorants for industrial use.