Used primarily in the synthesis of hair dyes and colorants, this compound acts as an intermediate to produce vibrant and long-lasting shades. It is particularly effective in oxidative hair dye formulations, where it reacts with other components to create a wide range of colors, from natural tones to bold hues. Additionally, it is employed in the production of certain pharmaceuticals and organic compounds, where its chemical structure contributes to the development of active ingredients. Its stability and reactivity make it a valuable component in industrial and cosmetic chemistry.