This compound is primarily utilized in the synthesis of dyes and pigments, particularly for textile and paper industries, due to its ability to form stable and vibrant colors. It serves as a key intermediate in the production of azo dyes, which are known for their strong colorfastness and wide range of hues. Additionally, it finds application in the development of pharmaceutical agents, where it acts as a building block for creating compounds with potential anti-inflammatory and analgesic properties. Its structural properties make it suitable for research in organic chemistry, particularly in the study of heterocyclic compounds and their reactivity.