This chemical is primarily used in the synthesis of dyes and pigments, particularly in the production of high-performance colorants for textiles and plastics. Its structure allows it to act as an intermediate in creating compounds with excellent lightfastness and thermal stability. Additionally, it is employed in the development of liquid crystal displays (LCDs) due to its ability to form stable and ordered molecular structures. In the pharmaceutical industry, it serves as a building block for certain active pharmaceutical ingredients (APIs), contributing to the synthesis of complex molecules. Its application in organic electronics is also notable, where it is used in the fabrication of organic light-emitting diodes (OLEDs) and other electronic materials.