Used as an intermediate in the synthesis of dyes and pigments, particularly in the production of colorants for textiles, plastics, and coatings. It plays a role in the development of high-performance materials, including liquid crystals and organic semiconductors, due to its ability to modify electronic properties. Additionally, it is utilized in the manufacture of antioxidants and stabilizers for polymers, enhancing the durability and lifespan of various industrial products. Its application extends to research and development in organic chemistry, where it serves as a building block for complex molecules.