This compound is primarily utilized in the synthesis of organic materials, particularly in the development of advanced dyes and pigments. Its unique structure allows it to act as a key intermediate in creating colorants with enhanced stability and brightness, making it valuable in the textile and printing industries. Additionally, it is employed in the production of specialized polymers and coatings, where it contributes to improved durability and performance. In pharmaceutical research, it serves as a building block for the synthesis of complex molecules, aiding in the development of new drugs and therapeutic agents. Its versatility also extends to agrochemical applications, where it is used in formulating crop protection products to enhance their efficacy.