Used in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Acts as an intermediate in the production of dyes and pigments, contributing to vibrant and stable color formulations. Employed in research for studying chemical reactions and mechanisms due to its unique structure. Also utilized in the creation of specialized polymers and materials with specific optical or electronic properties. Plays a role in the development of photoactive compounds for applications in photodynamic therapy and imaging technologies.