Used primarily in the synthesis of organic compounds, this chemical serves as a key intermediate in the production of dyes and pigments. Its structure allows it to act as a stabilizer in various industrial formulations, enhancing the durability and performance of end products. Additionally, it finds application in the development of specialty chemicals for the textile industry, where it contributes to the improvement of fabric properties such as color fastness and resistance to environmental factors. In the pharmaceutical sector, it is utilized in the creation of certain active pharmaceutical ingredients (APIs), playing a role in the synthesis of compounds with potential therapeutic effects. Its versatility also extends to the field of polymer chemistry, where it is involved in the production of resins and coatings that require specific chemical functionalities.