This compound is primarily utilized in the synthesis of dyes and pigments, particularly in the production of azo dyes, which are widely used in the textile industry for coloring fabrics. Its structure allows it to act as an intermediate in the formation of complex dye molecules, providing vibrant and stable colors. Additionally, it finds application in analytical chemistry as a reagent for the detection and quantification of certain metal ions, leveraging its ability to form colored complexes. In the pharmaceutical sector, it serves as a building block in the synthesis of various heterocyclic compounds, which are often explored for their potential medicinal properties. Its versatility in chemical reactions makes it a valuable component in organic synthesis and industrial applications.