This chemical is primarily used in the development of dyes and pigments due to its ability to form stable, vibrant colors. It is often incorporated into materials for textile dyeing, where it provides long-lasting and fade-resistant hues. Additionally, it is utilized in the production of specialized inks for printing applications, ensuring high-quality and consistent color output, as well as in paper and plastics to enhance color and physical properties. In the field of organic electronics, this compound is explored for its potential in creating optoelectronic devices, such as light-emitting diodes (LEDs) and sensors, owing to its unique electronic properties. Its application in research also extends to studying charge transfer processes and photoactive materials.