Used primarily in the synthesis of dyes and pigments, it imparts vibrant colors to textiles and materials. It also serves as an intermediate in the production of organic compounds, particularly in pharmaceutical research for developing potential therapeutic agents. In analytical chemistry, it is utilized as a reagent for detecting and quantifying specific substances due to its distinct chemical properties. Additionally, it finds application in the study of electron transfer processes in biochemical systems, aiding in understanding redox reactions. Its role in material science includes contributing to the development of advanced functional materials with specific optical or electronic characteristics.