This chemical is primarily used in the synthesis of dyes and pigments, particularly for coloring textiles and plastics. Its structure allows it to form stable, vibrant colors, making it valuable in industries requiring high-quality and durable dyes. Additionally, it serves as an intermediate in the production of specialty chemicals, including those used in photographic development and certain types of coatings. Its role in creating advanced materials with specific optical properties is also noteworthy, particularly in research and development of new technologies.