Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for the creation of complex molecules, making it valuable in the development of drugs targeting various diseases. Additionally, it finds application in the manufacture of dyes and pigments due to its ability to form stable, colored compounds. In materials science, it is utilized in the synthesis of advanced polymers and resins, enhancing their thermal and chemical stability. Its versatility also extends to coordination chemistry, where it acts as a ligand in the formation of metal complexes for catalytic processes.