Used as an intermediate in the synthesis of phthalocyanine dyes, which are essential in the production of pigments for inks, coatings, plastics, and textiles. It is also employed in the development of organic semiconductors for electronic devices, such as solar cells and sensors, due to its ability to facilitate charge transport. Additionally, it plays a role in the creation of liquid crystals, which are utilized in display technologies like LCDs, and in optical devices owing to its light absorption and conductivity properties. Its chemical structure allows for modifications that enhance the performance of these materials in various industrial applications. Furthermore, it is studied for medical applications, such as the development of compounds for cancer treatment using Photodynamic Therapy (PDT), where light activates the compound to destroy cancer cells.