Used as an intermediate in the synthesis of anthraquinone-based dyes and pigments, particularly for textile and leather coloring. It serves in the production of certain laxative pharmaceuticals due to its ability to stimulate bowel motility when metabolized. Also employed in research settings for the development of organic semiconductors and electroactive materials owing to its conjugated structure and redox properties. Its derivative forms are explored in photovoltaic systems and sensors for their electron-accepting characteristics.