This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the production of dyes and pigments. Its unique structure allows it to contribute to the development of high-performance materials, such as liquid crystal polymers, which are essential in electronic displays and optical devices. Additionally, it serves as a building block in the creation of pharmaceuticals, where it can be incorporated into drug molecules to enhance their properties. Its applications also extend to the field of agrochemicals, where it is utilized in the formulation of pesticides and herbicides, aiding in crop protection and management.