Used primarily in the synthesis of pharmaceuticals and organic compounds, it serves as a key intermediate in the production of various drugs, particularly those targeting central nervous system disorders. Its derivatives are explored for their potential antimicrobial and antifungal properties, making it valuable in developing new therapeutic agents. Additionally, it finds application in the manufacture of dyes and pigments, contributing to the coloration of textiles and other materials. Researchers also investigate its use in creating advanced materials, such as polymers and coatings, due to its unique chemical structure.