Used as an intermediate in organic synthesis, particularly in the preparation of dyes and pharmaceuticals. It serves as a building block in the development of antioxidants due to its phenolic structure, which can scavenge free radicals. Also employed in research settings for the synthesis of substituted quinones, which have applications in materials science and bioactive compound development. Its electron-rich aromatic system makes it useful in the study of charge-transfer complexes and electroactive materials.