This chemical is primarily used in the production of dyes and pigments, particularly in the manufacturing of colorants for textiles, plastics, and inks. Its structure allows it to act as an intermediate in the synthesis of complex dye molecules, providing vibrant and stable colors. Additionally, it finds application in the field of organic electronics, where it is utilized in the development of conductive polymers and materials for electronic devices. Its ability to facilitate electron transfer makes it valuable in creating components for sensors, displays, and photovoltaic cells. In research, it serves as a reagent in organic synthesis, aiding in the study of polymerization and molecular interactions.