Used primarily in the production of dyes and pigments, it serves as a key intermediate in synthesizing vibrant colors for textiles and plastics. Its application extends to the field of organic electronics, where it contributes to the development of light-emitting diodes (LEDs) and photovoltaic cells due to its excellent charge transport properties. Additionally, it is utilized in the synthesis of pharmaceuticals, particularly in creating compounds with potential anti-inflammatory and anticancer properties. Its role in research and development is significant, aiding in the study of organic semiconductors and advanced material science.