This compound is primarily utilized in organic synthesis and material science. It serves as a key intermediate in the development of various pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its structure is often leveraged in the creation of fluorescent dyes and optical brighteners, which are used in imaging and detection technologies. Additionally, it finds application in the production of advanced materials, such as organic light-emitting diodes (OLEDs), due to its ability to influence electronic properties. Researchers also explore its use in the design of ligands for metal complexes in catalysis and coordination chemistry.