Used primarily in the synthesis of advanced materials and organic compounds, this chemical serves as a key intermediate in the production of liquid crystals, which are essential components in displays for electronic devices like smartphones, TVs, and monitors. It is also employed in pharmaceutical research for developing novel drug candidates, particularly in the design of molecules with specific biological activities. Additionally, its structural properties make it valuable in agrochemical research for creating new pesticides or herbicides. The compound’s versatility in organic synthesis further extends to the development of specialty polymers and dyes, contributing to innovations in various industrial applications.