Used primarily in the synthesis of organic compounds, it serves as a key intermediate in the production of dyes and pigments, particularly for coloring textiles and plastics. Its structure makes it valuable in the development of photoinitiators for UV-curable coatings and inks, enhancing the efficiency of polymerization processes. Additionally, it finds application in the creation of liquid crystal materials, contributing to the manufacturing of display technologies. Its role in organic synthesis also extends to the preparation of pharmaceuticals and agrochemicals, where it acts as a building block for complex molecules.