Used in the synthesis of advanced organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in creating molecules with specific biological activities. Additionally, it is employed in the production of dyes and pigments, where its unique structure contributes to color stability and intensity. In material science, it is utilized to modify polymers, enhancing their thermal and chemical properties. Its reactive sites make it valuable in cross-coupling reactions, enabling the construction of complex organic frameworks.