This chemical is primarily utilized in advanced material science, particularly in the development of high-performance polymers and resins. Its unique structure contributes to enhancing thermal stability and oxidative resistance in these materials, making it suitable for applications in extreme environments. Additionally, it is employed as a stabilizer in plastics to prevent degradation caused by heat and light exposure. In the field of organic electronics, it serves as a key component in the synthesis of organic semiconductors, improving their efficiency and durability. Its role in catalysis is also noteworthy, where it facilitates specific chemical reactions by acting as a ligand or catalyst modifier, optimizing reaction conditions and yields.