This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of dyes and pigments. Its structure makes it a valuable intermediate in producing colorants for textiles, plastics, and inks. Additionally, it is employed in the creation of advanced materials, such as liquid crystals used in display technologies. Its role in pharmaceutical research is also notable, as it serves as a building block for designing bioactive molecules and potential drug candidates. The compound’s unique properties contribute to its use in various industrial and scientific applications.