This chemical is primarily used in the synthesis of organic compounds, particularly in the production of dyes and pigments. Its structure makes it a valuable intermediate in creating complex molecules with specific color properties. Additionally, it is utilized in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs) that target various diseases. In research, it is employed in the study of fluorescent materials due to its ability to absorb and emit light, making it useful in developing sensors and imaging agents. Its applications also extend to agrochemicals, where it contributes to the creation of compounds that enhance crop protection and yield.