Used primarily as an intermediate in the synthesis of dyes and pigments, particularly for coloring textiles, paper, and leather. It plays a role in producing high-performance polymers and resins, enhancing their thermal stability and mechanical properties. Additionally, it is employed in the development of specialty chemicals for corrosion inhibitors and lubricant additives, improving the efficiency and lifespan of industrial equipment. Its derivatives are also explored in pharmaceutical research for potential therapeutic applications.