This chemical is primarily used as an intermediate in the synthesis of organic compounds, particularly in the development of dyes and pigments. Its unique structure allows it to participate in reactions that form complex aromatic systems, which are essential in creating vibrant and stable colors for industrial applications. Additionally, it is utilized in the production of photoconductive materials, which are critical components in photocopiers and laser printers. Its ability to absorb and transfer energy efficiently makes it valuable in the field of organic electronics, including the development of organic light-emitting diodes (OLEDs) and photovoltaic cells. In research, it serves as a building block for synthesizing novel compounds with potential applications in pharmaceuticals and agrochemicals.