Used primarily in the production of hair dyes and colorants, it acts as a key intermediate in creating long-lasting and vibrant shades. Its ability to bond with other chemicals makes it effective in achieving a wide range of colors, from natural tones to bold hues. Additionally, it is utilized in the synthesis of certain polymers and resins, contributing to their durability and stability. In industrial applications, it serves as a precursor in the manufacture of antioxidants and corrosion inhibitors, enhancing the performance of various materials. Its role in these processes underscores its importance in both cosmetic and industrial sectors.