This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for creating more complex molecules, often utilized in the development of drugs targeting the central nervous system. Additionally, it finds application in research and development for studying chemical reactions and mechanisms due to its unique naphthalene-based structure. In industrial settings, it may also be employed in the manufacture of dyes and pigments, leveraging its aromatic properties to enhance color stability and intensity.