Used primarily in the synthesis of pharmaceuticals and organic compounds, it serves as a key intermediate in the production of various active ingredients. Its role in the development of corrosion inhibitors is notable, particularly in protecting metals in industrial applications. Additionally, it is employed in the manufacture of dyes and pigments, contributing to the vibrant coloration in textiles and materials. In agrochemical research, it aids in the creation of pesticides and herbicides, enhancing crop protection strategies. Its versatility also extends to the field of polymer chemistry, where it is utilized to modify and stabilize polymer structures.