This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of dyes and pigments. It serves as an intermediate in the creation of colorants used in textiles, inks, and coatings. Additionally, it finds application in the development of photosensitive materials, where it contributes to the light-absorbing properties essential for imaging and printing technologies. Its role in organic synthesis also extends to the preparation of specialty chemicals for research and industrial processes.