This chemical is primarily utilized in the synthesis of dyes and pigments, particularly in the textile industry, where it contributes to the production of vibrant and long-lasting colors. It also finds application in the formulation of specialty coatings and inks, enhancing their adhesion and durability on various surfaces. Additionally, it serves as an intermediate in organic synthesis, playing a role in the development of pharmaceuticals and agrochemicals. Its properties make it valuable in research and industrial processes requiring precise chemical modifications.