Used primarily in the synthesis of dyes and pigments, particularly for textile and paper industries. It serves as an intermediate in the production of naphthalene-based compounds, which are essential for creating vibrant and stable colors. Additionally, it is utilized in research and development for organic synthesis, aiding in the creation of complex molecules for pharmaceuticals and agrochemicals. Its role in fluorescence studies is also notable, as it contributes to the development of fluorescent markers and probes in biological and chemical imaging.