This chemical is primarily used as an intermediate in the synthesis of dyes and pigments, particularly for creating colorants in textiles, inks, and coatings. Its structure allows it to act as a building block for more complex molecules, enhancing color fastness and stability in the final product. Additionally, it finds application in the production of specialty polymers, where it contributes to the development of materials with specific optical or mechanical properties. In the electronics industry, it is utilized in the manufacturing of organic semiconductors and conductive polymers, which are essential components in devices like OLEDs and flexible electronics. Its versatility also extends to the field of pharmaceuticals, where it serves as a precursor in the synthesis of certain active pharmaceutical ingredients (APIs).