Used primarily as an intermediate in organic synthesis, it plays a key role in the production of specialty chemicals and pharmaceuticals. Its sulfonate group makes it valuable in creating water-soluble compounds, enhancing the solubility of active ingredients in drug formulations. Additionally, it is employed in the development of dyes and pigments, where it aids in improving color fastness and stability. In industrial applications, it serves as a surfactant or dispersing agent, facilitating the even distribution of particles in various formulations. Its chemical structure also allows it to act as a stabilizer in certain polymer processes, contributing to the durability and performance of the final product.