Used as an intermediate in the synthesis of dyes and pigments, particularly for producing naphthoquinone-based colorants with high stability. Employed in research for developing biologically active compounds, including potential antimicrobial and anticancer agents due to its redox-active quinone structure. Also utilized in electrochemical applications, such as in the design of organic electrodes or redox mediators in energy storage systems. Shows potential in photodynamic therapy studies owing to its ability to generate reactive oxygen species under light exposure.