Used in the synthesis of pharmaceuticals, particularly as an intermediate in the production of drugs targeting neurological disorders. It serves as a building block in the development of certain antipsychotic and antidepressant medications. Also employed in the preparation of dyes and pigments for industrial applications, especially in creating azo dyes with high color fastness. Its structure allows for easy functionalization, making it valuable in research laboratories for designing new bioactive compounds. Additionally, it finds use in the field of coordination chemistry as a ligand for metal complexes with potential catalytic properties.