It is widely used in the pharmaceutical industry as an active ingredient in anthelmintic medications, effectively treating parasitic worm infections in both humans and animals. The compound works by paralyzing the parasites, allowing the body to expel them naturally. Additionally, it is utilized in veterinary medicine to control and prevent worm infestations in livestock and pets. Beyond its medicinal applications, it serves as a key intermediate in the synthesis of various organic compounds, contributing to the production of dyes, resins, and other industrial chemicals. Its versatility and efficacy make it a valuable component in both healthcare and chemical manufacturing sectors.