Used in organic synthesis for the development of advanced materials and dyes, particularly in the creation of photoconductive and electroluminescent compounds. It serves as a key intermediate in the production of pigments and coatings with enhanced durability and color properties. Additionally, it is employed in research for studying electron transfer processes and redox reactions due to its unique quinone structure. Its applications extend to the field of molecular electronics, where it contributes to the design of organic semiconductors and photovoltaic devices.