Used primarily in the synthesis of dyes and pigments, it plays a crucial role in producing vibrant colors for textiles and inks. It is also employed in the development of optical brighteners, enhancing the whiteness and brightness of paper and fabrics. In the field of organic electronics, it serves as a building block for creating materials used in light-emitting diodes (LEDs) and organic photovoltaic cells. Additionally, it finds application in analytical chemistry as a reagent for detecting and quantifying certain metal ions. Its antioxidant properties are utilized in some cosmetic formulations to protect skin from oxidative stress.