Primarily used in research and development, this compound serves as a key intermediate in the synthesis of organic materials, particularly in the creation of novel dyes and pigments. Its structure is valuable in the study of photophysical properties, aiding in the development of advanced optical materials. Additionally, it plays a role in the investigation of carcinogenic compounds, as its polycyclic aromatic framework is similar to known carcinogens, making it useful in toxicology studies. Its applications also extend to the field of organic electronics, where it contributes to the design of semiconductors and light-emitting diodes (LEDs).