This compound is primarily utilized in the synthesis of dyes and pigments, particularly in the production of azo dyes, which are widely used in the textile industry for coloring fabrics. It serves as an intermediate in the creation of complex dye molecules, contributing to their stability and color properties. Additionally, it finds application in organic synthesis for the preparation of various heterocyclic compounds, which are essential in pharmaceuticals and agrochemicals. Its role in the development of corrosion inhibitors is also notable, where it helps protect metal surfaces from degradation in industrial settings. Furthermore, it is used in research and development for creating specialized chemical reagents and catalysts.