Used as a key intermediate in the synthesis of dyes and pigments, particularly in the production of azo dyes for textiles and inks. Acts as a stabilizer in polymer systems, enhancing resistance to UV degradation in plastics and coatings. Employed in the formulation of corrosion inhibitors for metal protection in industrial applications. Also utilized in the development of specialty surfactants and as a component in some agrochemical formulations. Its lipophilic nature makes it suitable for use in solvent extraction processes and in the preparation of certain electrochemical sensors.