This chemical is primarily utilized in the synthesis of advanced organic compounds, particularly in the development of specialized dyes and pigments. Its structure makes it suitable for creating colorants with high stability and vibrant hues, often applied in industrial coatings and textiles. Additionally, it serves as a key intermediate in the production of certain pharmaceuticals, where its aromatic and functional groups contribute to the formation of active drug molecules. In research, it is employed to study reaction mechanisms and develop novel materials with specific optical or electronic properties. Its versatility also extends to the field of polymer chemistry, where it aids in the creation of polymers with tailored characteristics for use in various industrial applications.