Used primarily in the synthesis of dyes and pigments, this compound plays a crucial role in producing colorants for textiles, plastics, and inks. It is also employed in the manufacture of polyimide resins, which are essential for high-performance materials in electronics, aerospace, and automotive industries due to their thermal stability and mechanical strength. Additionally, it serves as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals, where its structural properties contribute to the creation of active compounds.