Used primarily in the production of hydrogen peroxide through the anthraquinone process. It acts as a catalyst in the redox cycle, where it is hydrogenated to form 2-methylanthrahydroquinone, which is then oxidized back to regenerate the original compound and produce hydrogen peroxide. This process is widely employed in industrial settings due to its efficiency and scalability. Additionally, it finds application in the synthesis of dyes and pigments, contributing to the coloration of textiles, plastics, and other materials. Its role in organic synthesis also extends to the preparation of intermediates for pharmaceuticals and agrochemicals.