This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of dyes and pigments. Its structure makes it a valuable intermediate in creating colorants for textiles, inks, and coatings, where it contributes to vibrant and stable hues. Additionally, it finds application in the field of organic electronics, where it is used in the production of light-emitting materials for OLEDs (organic light-emitting diodes) due to its ability to enhance luminescence and efficiency. In pharmaceutical research, it serves as a building block for developing novel compounds with potential biological activity, though its use in this area is still exploratory. Its unique aromatic structure also makes it a candidate for use in advanced materials and chemical sensors.