Used in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) due to its structural properties. Additionally, it is utilized in the creation of polymers and resins, enhancing their thermal stability and mechanical strength. In research, it aids in studying molecular interactions and designing new materials with specific functionalities. Its application extends to the field of dyes and pigments, where it contributes to color stability and durability.