This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting anti-inflammatory and anticancer properties. Its structure, featuring fluorophenyl groups, allows it to interact effectively with biological targets, making it valuable in drug discovery. Additionally, it is studied for its potential use in material science, particularly in the synthesis of organic electronic materials due to its conjugated system, which can influence electronic properties. Researchers also explore its role in photodynamic therapy, leveraging its ability to absorb light and generate reactive oxygen species.