Used primarily as an intermediate in the synthesis of dyes and pigments, particularly in the production of colorants for textiles and plastics. It also finds application in the development of organic electronic materials, where it contributes to the creation of charge-transport layers in devices like organic light-emitting diodes (OLEDs) and photovoltaic cells. Additionally, it is employed in research settings for studying polymerization processes and as a stabilizer in certain chemical reactions to prevent unwanted side reactions. Its role in enhancing the performance of advanced materials makes it valuable in both industrial and academic contexts.