Used as a key intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of anti-inflammatory and antimicrobial agents. Also utilized in the dye and printing ink industries as a starting material for producing high-stability dyes, especially phthalocyanine-type dyes used in high-quality inks. Its reactive functional groups allow for easy modification in organic synthesis, making it valuable in constructing complex heterocyclic compounds and other organic compounds requiring planar structures and specific light absorption properties. Employed in the preparation of specialty polymers and resins where thermal stability and structural rigidity are required. Its derivatives show potential in materials science, especially in designing organic semiconductors, photoactive compounds, conductive thin films, and organic electronics with good electrical conductivity and light absorption.