Used primarily as an intermediate in the synthesis of dyes, particularly in the production of triphenylmethane and azo dyes, which are widely applied in textiles and inks. It also serves as a precursor in the manufacturing of certain pharmaceuticals and agrochemicals. In research, it is utilized as a reagent for organic synthesis, aiding in the development of new compounds. Additionally, it finds application in the production of rubber chemicals and as a stabilizer in the polymerization process of certain plastics. Its role in these industries highlights its importance in creating a range of products essential to everyday life. However, strict handling and control are required due to potential health and environmental hazards.