Used primarily in the synthesis of dyes and pigments, this compound plays a crucial role in the production of vibrant and stable colorants for textiles and industrial applications. It is also employed in organic synthesis as an intermediate for creating more complex chemical structures, particularly in pharmaceuticals. In research, it serves as a reagent for studying chemical reactions and developing new compounds with potential biological activity. Additionally, it finds use in analytical chemistry as a standard or reference material for calibration and testing purposes.