This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of dyes and pigments. Its structure makes it suitable for creating colorants that are stable and vibrant, often used in textiles and inks. Additionally, it serves as an intermediate in the production of pharmaceuticals, where it contributes to the synthesis of active ingredients in certain medications. In research, it is employed as a building block for more complex molecules, aiding in the study of chemical reactions and material properties. Its applications also extend to the field of organic electronics, where it is used in the development of light-emitting materials for devices such as OLEDs.