Used in the synthesis of hair dyes and pigments due to its ability to form stable color complexes. It acts as a key intermediate in producing long-lasting, oxidative hair dye formulations, especially in shades of black and dark brown. Also explored in pharmaceutical research for potential use in developing antiviral and anticancer agents owing to its nucleic acid-like structure. Additionally, serves as a building block in the preparation of specialty polymers and functional materials with enhanced thermal and chemical resistance.