Used as a key intermediate in the synthesis of organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It plays a significant role in the development of dyes and pigments due to its ability to form stable and vibrant colors. Additionally, it is utilized in the creation of organic light-emitting diodes (OLEDs) for electronic displays, contributing to enhanced performance and efficiency. Its application extends to research and development in material science, where it aids in the study of novel polymers and advanced materials.