Primarily utilized in the synthesis of organic compounds, this chemical serves as a key intermediate in the production of dyes and pigments. It is also employed in the manufacturing of certain pharmaceuticals, where it acts as a precursor for active ingredients. Additionally, it finds application in polymer chemistry, contributing to the development of specialized resins and coatings. Its role in chemical research includes serving as a reagent for various organic transformations, aiding in the study of reaction mechanisms and the development of new synthetic pathways.