Used primarily in the synthesis of dyes and pigments, this compound plays a crucial role in the production of colorants for textiles, inks, and plastics. Its ability to form stable and vibrant colors makes it valuable in industries requiring high-quality dyeing processes. Additionally, it serves as an intermediate in the manufacture of certain pharmaceuticals, particularly those involving complex organic molecules. In research settings, it is utilized for studying chemical reactions and developing new compounds with potential industrial or medicinal applications. Its properties also make it suitable for use in analytical chemistry, where it aids in the detection and quantification of specific substances.