This chemical is primarily utilized as a key intermediate in the synthesis of various organic compounds, particularly in the production of dyes and pigments. Its structure makes it suitable for creating materials with specific optical properties, which are often used in the manufacturing of light-sensitive products like photographic materials. Additionally, it finds application in the development of advanced materials for electronic devices, where its unique properties contribute to the enhancement of performance characteristics. In research and development, it serves as a building block for the creation of complex molecules used in pharmaceuticals and agrochemicals, aiding in the discovery of new drugs and crop protection agents.