This chemical is primarily utilized in the development of advanced materials, particularly in the field of organic electronics. Its unique structure makes it a valuable component in the synthesis of organic semiconductors, which are essential for creating flexible and lightweight electronic devices such as organic light-emitting diodes (OLEDs) and organic photovoltaic cells (OPVs). Additionally, it serves as a building block in the design of chiral materials, which are crucial for applications in asymmetric catalysis and the production of enantiomerically pure compounds in the pharmaceutical industry. Its ability to form stable, conjugated systems also makes it a candidate for use in molecular sensors and optoelectronic devices.