This chemical is primarily used as a key intermediate in the synthesis of various organic compounds. It plays a significant role in the production of dyes and pigments, particularly those used in the textile and printing industries. Additionally, it is utilized in the development of advanced materials, such as polymers and resins, where it contributes to enhancing stability and performance. Its application extends to research and development in organic chemistry, where it serves as a building block for creating complex molecules with potential uses in pharmaceuticals and agrochemicals.