Used as an intermediate in the synthesis of dyes and pigments, particularly in the production of quinone-based colorants. It serves as a reagent in organic transformations, including oxidation reactions due to its electron-deficient quinone structure. Employed in research for the development of photoactive compounds and in the preparation of charge-transfer complexes for electronic materials. Also finds use as a catalyst or co-catalyst in certain halogenation processes. Its high reactivity makes it suitable for modifying aromatic systems in pharmaceutical and agrochemical synthesis.