Used primarily in the synthesis of organic compounds, this chemical serves as an intermediate in the production of dyes and pigments, enhancing color stability and intensity. It is also employed in the development of liquid crystal displays (LCDs) and organic light-emitting diodes (OLEDs), where it contributes to the alignment, performance, and luminescent properties of the materials. Additionally, it finds application in the creation of antioxidants for polymers, helping to prevent degradation and extend the lifespan of plastic materials. In research, it is utilized for studying molecular interactions and designing new materials with specific optical, thermal, and electrical properties.