Used primarily in the textile industry as a dye intermediate, this compound is essential for producing vibrant and durable colors on fabrics. Its application extends to the synthesis of anthraquinone-based dyes, which are known for their excellent lightfastness and resistance to fading. Additionally, it serves as a key component in the manufacturing of pigments for inks and coatings, ensuring high-quality color consistency. In the field of organic chemistry, it is utilized as a precursor for synthesizing more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its unique structure also makes it a candidate for research in photodynamic therapy, where it may be explored for its potential to generate reactive oxygen species under light exposure, targeting cancer cells.