Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in creating complex molecules. It is also employed in the development of liquid crystals used in display technologies. Additionally, it serves as a building block in material science for designing advanced polymers and coatings. Its applications extend to research settings, where it is utilized in the study of molecular interactions and reaction mechanisms.