Used primarily in the synthesis of advanced polymers and high-performance materials, this compound serves as a key intermediate in the production of polyimides and polyamides, which are essential in the electronics industry for creating heat-resistant films and coatings. Its incorporation into polymer matrices enhances thermal stability and mechanical strength, making it suitable for applications in aerospace and automotive components. Additionally, it is utilized in the development of flame-retardant materials, contributing to improved safety standards in construction and textiles. The compound's role in organic synthesis also extends to the creation of dyes and pigments, where it imparts specific color properties and durability.