Used primarily in the synthesis of phthalocyanine dyes, which are important in various industrial applications. These dyes are widely employed in the coloring of plastics, textiles, and inks due to their stability and vibrant colors. Additionally, it serves as a key intermediate in the production of organic electronic materials, including those used in solar cells and light-emitting diodes (LEDs). Its role in the development of advanced materials makes it valuable in research and manufacturing sectors focused on innovative technologies.