Used primarily in organic synthesis, it serves as a key intermediate in the production of dyes and pigments, particularly for coloring textiles and plastics. Its structure allows it to act as a building block for more complex molecules in pharmaceutical research, where it contributes to the development of compounds with potential biological activity. Additionally, it is employed in the study of photochemical reactions due to its ability to undergo light-induced transformations, making it valuable in materials science for creating light-sensitive materials.