Used as an intermediate in the synthesis of dyes and pigments, particularly for high-performance colorants in inks and coatings. It also serves in the production of certain biologically active compounds, including antimicrobial and antifungal agents. Its electron-deficient quinone structure makes it useful in organic electronic materials and as a reagent in redox reactions. Additionally, it finds application in analytical chemistry as a derivatization agent for detecting specific functional groups.