This chemical is primarily utilized in the synthesis of organic compounds, particularly in the production of dyes and pigments. It serves as a key intermediate in the manufacturing of colorants for textiles, inks, and plastics. Additionally, it is employed in the development of liquid crystal materials, which are essential components in displays for electronic devices. Its structural properties also make it a valuable building block in pharmaceutical research, where it is used to create compounds with potential therapeutic applications. Furthermore, it plays a role in the preparation of advanced materials, such as polymers and resins, contributing to their enhanced performance characteristics.