This chemical is widely used in the field of organic synthesis, particularly as a building block for creating complex organic molecules. Its structure, featuring two benzoate groups connected by an ethyne linkage, makes it a valuable precursor in the development of conjugated polymers, which are essential in the production of organic electronic devices such as light-emitting diodes (OLEDs) and solar cells. Additionally, it serves as an intermediate in the synthesis of liquid crystals, which are crucial components in display technologies like LCDs. Its versatility also extends to pharmaceutical research, where it is employed in the design and synthesis of novel drug candidates.