Used primarily as an intermediate in the synthesis of dyes and pigments, particularly in the production of azo dyes. It plays a key role in the development of high-performance pigments used in coatings, inks, and plastics due to its ability to enhance color stability and lightfastness. Additionally, it serves as a building block in the preparation of certain pharmaceuticals and agrochemicals, where its functional groups allow for further chemical modifications. Its reactivity and solubility characteristics make it suitable for use in solvent-based systems and high-temperature processing applications.