This chemical is primarily utilized in organic synthesis as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex organic molecules, particularly in the synthesis of compounds with potential biological activity. Additionally, it is employed in the development of antioxidants and other specialty chemicals due to its unique quinone structure, which can act as a redox agent. In research settings, it is often used to study reaction mechanisms involving quinone-based systems, contributing to advancements in chemical and medicinal chemistry fields.