This chemical is primarily used in the field of organic synthesis, particularly in the development of advanced materials. It serves as a key intermediate in the production of conducting polymers, which are essential for applications in electronic devices such as organic light-emitting diodes (OLEDs) and solar cells. Its structure allows for the creation of polymers with enhanced electrical conductivity and stability. Additionally, it is utilized in the synthesis of dyes and pigments, contributing to vibrant and durable colorants for textiles and coatings. Its role in research also extends to the study of molecular interactions and the design of novel compounds with specific electronic properties.