This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It plays a crucial role in the development of compounds with potential therapeutic properties, particularly in the synthesis of active pharmaceutical ingredients (APIs). Its structure allows it to participate in reactions that form complex molecules, making it valuable in medicinal chemistry. Additionally, it is used in research settings to explore novel chemical pathways and develop new materials with specific functionalities. Its application extends to the creation of dyes and pigments, where it contributes to the stability and color properties of the final product.