This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of advanced materials. It serves as a key intermediate in the production of liquid crystals, which are essential components in display technologies such as LCD screens. Additionally, it is employed in the creation of organic semiconductors, which are used in electronic devices like solar cells and transistors. Its role in forming complex molecular structures also makes it valuable in pharmaceutical research, where it aids in the design of novel drug candidates. Furthermore, it is used in the preparation of dyes and pigments, contributing to the coloration of various industrial products.