This chemical is primarily used as a dye in various industrial applications due to its vibrant color properties. It is particularly valued in the textile industry for dyeing synthetic fibers, providing excellent colorfastness and resistance to fading. Additionally, it finds use in the production of inks and coatings, where its stability and intense hue are advantageous. In the field of organic electronics, it serves as a component in the development of light-emitting diodes (LEDs) and other optoelectronic devices, leveraging its ability to absorb and emit light efficiently. Its unique structure also makes it a candidate for research in advanced materials and nanotechnology.