Used primarily as an intermediate in the synthesis of phthalocyanine dyes and pigments, which are widely applied in the textile, paint, and printing industries. It also serves as a key component in the production of high-performance materials, such as organic semiconductors and photovoltaic devices, due to its ability to form stable and conductive complexes. Additionally, it finds application in the development of advanced coatings and corrosion inhibitors, offering enhanced durability and resistance to environmental factors. Its role in organic synthesis extends to creating specialized chemicals for agrochemicals and pharmaceuticals, where it contributes to the formulation of active ingredients with specific properties.