Used primarily as an intermediate in the synthesis of dyes and pigments, it plays a key role in producing colorants for textiles, plastics, and inks. Its structure allows for the creation of vibrant and stable hues, making it valuable in industries requiring high-quality coloration. Additionally, it is employed in the development of organic semiconductors and optoelectronic materials, contributing to advancements in electronic devices. Its versatility also extends to pharmaceutical research, where it serves as a building block for certain active compounds.