Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It is also employed in the synthesis of agrochemicals, contributing to the creation of herbicides and pesticides. Additionally, it plays a role in the preparation of dyes and pigments, enhancing color stability and performance in industrial applications. Its reactivity makes it valuable in research for developing novel compounds with potential therapeutic or industrial uses.