This compound is primarily utilized in the synthesis of liquid crystal polymers (LCPs), which are essential in high-performance materials due to their thermal stability and mechanical strength. It serves as a key monomer in the production of these polymers, enabling their use in electronics, automotive components, and aerospace applications. Additionally, it finds application in organic synthesis as a building block for creating complex molecules with specific functionalities, particularly in the development of advanced materials and pharmaceuticals. Its role in enhancing the properties of polymers and facilitating precise chemical structures makes it valuable in industrial and research settings.