Used primarily as an intermediate in the synthesis of phthalocyanine dyes and pigments, which are widely applied in the production of inks, coatings, and plastics. It plays a crucial role in creating materials with high thermal stability and chemical resistance, making it valuable in industrial applications. Additionally, it is utilized in the development of organic semiconductors for electronic devices, contributing to advancements in solar cells and sensors. Its properties also make it suitable for use in research and development of advanced materials with specialized optical and electronic characteristics.