Used as an intermediate in the synthesis of dyes and pigments, particularly for producing naphthoquinone-based colorants. Employed in the development of organic semiconductors due to its electron-accepting properties. Acts as a reagent in organic transformations, including chlorination and oxidation reactions. Investigated for use in electrochemical applications such as batteries and sensors owing to its redox activity. Also explored in agrochemical formulations as a building block for biologically active compounds.