Widely used as an intermediate in the synthesis of various organic compounds, particularly in the production of dyes, pigments, and pharmaceuticals. It serves as a key building block in the development of liquid crystal materials, which are essential for display technologies like LCD screens. Additionally, it is utilized in the formulation of certain specialty chemicals, including those for coatings and adhesives, due to its stable aromatic structure. Its role in polymer chemistry is also notable, where it contributes to the creation of high-performance resins and plastics.