This chemical is primarily used in the synthesis of dyes and pigments, particularly for coloring textiles and plastics. Its structure allows it to form stable, vibrant colors that are resistant to fading. Additionally, it serves as an intermediate in the production of pharmaceuticals, where it is utilized in the development of certain drugs due to its ability to interact with biological molecules. In research, it is employed as a building block for organic compounds, aiding in the study of chemical reactions and material properties. Its application in the field of organic electronics is also noteworthy, as it contributes to the development of conductive polymers and advanced materials.