Used as an intermediate in the synthesis of dyes and pigments, particularly in the production of high-performance colorants for textiles and inks. Its reactivity allows for easy modification in dye molecules, enhancing color fastness and stability. Also employed in the development of specialty polymers where improved thermal and chemical resistance is required. Additionally, it finds use in the formulation of corrosion inhibitors and in some agrochemical applications due to its ability to form stable derivatives.