This chemical is primarily utilized in research and development, particularly in the field of organic synthesis. It serves as a key intermediate in the preparation of complex organic compounds, especially those involving polycyclic aromatic structures. Its application is significant in the development of advanced materials, including conductive polymers and dyes, due to its ability to form stable, multi-functional frameworks. Additionally, it is explored in the synthesis of bioactive molecules, potentially contributing to the creation of pharmaceuticals or agrochemicals. Its role in creating highly specific and functionalized compounds makes it valuable in academic and industrial laboratories focused on innovative chemical solutions.