This chemical is primarily utilized in the synthesis of advanced materials, particularly in the production of phthalocyanine dyes and pigments. These dyes are widely used in the textile industry for coloring fabrics due to their excellent stability and vibrant hues. Additionally, it serves as a key intermediate in the development of organic semiconductors, which are essential components in electronic devices such as organic light-emitting diodes (OLEDs) and solar cells. Its role in these applications stems from its ability to form stable, highly conjugated structures that facilitate efficient electron transfer. Furthermore, it is employed in research and development of novel polymers and coatings, where its unique properties contribute to enhanced durability and performance.