This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of dyes and pigments. Its unique structure allows it to contribute to the development of colorants with specific properties, making it valuable in industries such as textiles and printing. Additionally, it is employed in research settings for the synthesis of complex organic molecules, particularly in the study of heterocyclic compounds. Its application extends to the development of fluorescent materials, where it can be used to create compounds with specific light-emitting characteristics.