Used as an intermediate in the synthesis of dyes and fluorescent whitening agents due to its aromatic structure and electron-donating methoxy groups. Also employed in the production of liquid crystals for display technologies and organic electronic materials such as OLEDs and organic solar cells, where it contributes to the stability, performance, and electronic properties of the materials. Its derivatives are explored in pharmaceutical research for potential bioactive properties. Additionally, it serves as a building block in organic synthesis for creating more complex naphthalene-based compounds used in specialty chemicals.