Used primarily in organic synthesis, this compound serves as a key intermediate in the production of advanced materials, particularly in the development of organic semiconductors and light-emitting diodes (OLEDs). Its structure is beneficial for creating high-performance electroluminescent materials, contributing to the efficiency and stability of displays and lighting technologies. Additionally, it is employed in the synthesis of pharmaceuticals and agrochemicals, where its carbazole core enhances biological activity. Its versatility also extends to research applications, where it is utilized in the study of photophysical properties and molecular interactions in various chemical systems.