Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of dyes, pigments, and other aromatic compounds. It is also employed in the manufacture of pharmaceuticals, where it serves as a building block for more complex molecules. Additionally, it finds application in the development of liquid crystals and advanced materials due to its stable aromatic structure. Its sulfonate group enhances solubility in various solvents, making it useful in formulations requiring controlled release or specific reactivity.