Used as an intermediate in the synthesis of anthraquinone compounds, which are important structures in the dye industry, particularly high-stability red and purple dyes commonly applied in textiles, leather, and plastics. Its functional groups facilitate further chemical modifications, making it valuable in constructing complex molecules. Employed in organic synthesis for pharmaceuticals and fine chemicals, including esterification, condensation, and cyclization reactions to develop active pharmaceutical ingredients (APIs) with intricate cyclic and aromatic structures. Also utilized in the synthesis of UV stabilizers due to its aromatic structure and reactivity.