Used primarily in the synthesis of dyes and pigments, this compound is a key intermediate in producing colorants for textiles, plastics, and inks. Its structure allows for the creation of stable, vibrant colors, making it valuable in industries requiring high-quality coloration. Additionally, it serves as a precursor in the development of certain agrochemicals, particularly herbicides, where its chemical properties contribute to effective weed control. In research, it is utilized in organic synthesis to explore new chemical reactions and develop novel compounds with potential industrial or pharmaceutical applications.