Primarily used as an intermediate in the synthesis of dyes and pigments, particularly disperse and vat dyes, this compound plays a crucial role in producing vibrant and stable colors for textiles, especially synthetic fibers like polyester and nylon, inks, and plastics. Its structure provides excellent affinity and fastness properties to fibers, making it valuable in the textile industry. Additionally, it is utilized in the development of specialized dyes for high-performance applications, such as in the production of color filters for LCD screens and other electronic displays. Its chemical structure also lends itself to potential applications in organic photovoltaics and other advanced materials research.