This chemical is primarily utilized in the synthesis of dyes and pigments, particularly in the production of hair dyes and textile colorants. Its structure allows it to act as an intermediate in the formation of complex dye molecules, providing vibrant and stable colors. Additionally, it finds application in the pharmaceutical industry as a building block for certain active pharmaceutical ingredients (APIs), contributing to the development of drugs targeting specific therapeutic areas. Its versatility also extends to research and development, where it is used in organic synthesis to create novel compounds for various industrial applications.