This chemical is primarily used in the production of dyes and pigments, particularly for coloring textiles and plastics. Its structure allows it to form stable and vibrant colors, making it valuable in industries requiring high-quality colorants. Additionally, it serves as an intermediate in the synthesis of certain polymers and resins, contributing to their durability and performance. In research, it is utilized in the development of organic electronic materials, such as semiconductors, due to its conductive properties. Its applications also extend to the field of analytical chemistry, where it is used as a reagent in various detection and quantification processes.