This chemical is primarily utilized in the synthesis of dyes and pigments, particularly for textile applications. Its structure allows it to act as an intermediate in the production of complex dye molecules, contributing to vibrant and stable colors in fabrics. Additionally, it is employed in the development of specialty coatings, where its properties enhance durability and resistance to environmental factors. In the field of organic synthesis, it serves as a building block for creating more complex chemical compounds, particularly those used in pharmaceuticals and agrochemicals. Its role in these industries underscores its importance in facilitating the production of high-performance materials and products.