This compound is primarily utilized in the synthesis of organic materials, particularly in the development of liquid crystals for display technologies. Its unique structure allows it to contribute to the stability and performance of liquid crystal displays (LCDs), enhancing image quality and response times. Additionally, it serves as an intermediate in the production of various specialty chemicals, including pharmaceuticals and agrochemicals, where its properties can be tailored to specific functional requirements. Its role in advanced material science and chemical synthesis makes it a valuable component in high-tech and industrial applications.