This chemical is primarily utilized as an intermediate in the synthesis of more complex organic compounds, particularly in the production of dyes and pigments. Its structure allows it to act as a building block for creating materials with specific color properties, making it valuable in the textile and printing industries. Additionally, it finds application in the development of light-sensitive materials used in photography and imaging technologies. Its role in organic synthesis also extends to the creation of specialized polymers and coatings, where it contributes to enhancing durability and performance. In research, it serves as a key reagent in studies focused on developing new chemical reactions and understanding molecular interactions.