Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of dyes and pigments, particularly in creating vibrant colors for industrial applications. It is also utilized in the development of photoconductive materials, which are essential in photocopiers and laser printers. Additionally, it serves as a reagent in various chemical reactions, aiding in the study and development of new organic compounds. Its properties make it valuable in research focused on electron-accepting molecules, contributing to advancements in materials science and electronics.