This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of dyes and pigments. Its structure makes it suitable for creating colorants that are used in textile industries for dyeing fabrics, offering vibrant and stable colors. Additionally, it serves as an intermediate in the production of specialty chemicals used in research and industrial applications. Its unique properties also make it a candidate for studies in material science, where it can be explored for potential use in advanced materials or coatings.