Used primarily as an intermediate in the synthesis of more complex chemical compounds, particularly in the production of dyes and pigments. It plays a role in the development of materials with specific optical properties, such as fluorescent dyes used in biological staining and imaging. Additionally, it is utilized in organic synthesis for the creation of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Its structural properties make it valuable in research and development for designing molecules with potential therapeutic applications.