This chemical is primarily used as an intermediate in the synthesis of phthalocyanine dyes and pigments. These dyes are widely applied in the textile industry for coloring fabrics due to their excellent stability and vibrant hues. Additionally, it plays a role in the production of organic semiconductors, which are essential components in electronic devices such as solar cells, OLEDs, and sensors. Its properties also make it suitable for use in advanced materials research, particularly in the development of functional coatings and polymers with specific optical or electrical characteristics.