This chemical is primarily utilized in the field of organic synthesis and material science. It serves as a key intermediate in the preparation of functional dyes, particularly cyanine dyes, which are widely used in biological imaging and fluorescence labeling. Its structural properties make it suitable for applications in photodynamic therapy, where it can be incorporated into photosensitizers to target and destroy cancer cells. Additionally, it is employed in the development of advanced optical materials, including nonlinear optical (NLO) compounds, which are essential for laser technology and telecommunications. Its versatility also extends to its use in the synthesis of ionic liquids, which are valuable in green chemistry for their role as environmentally friendly solvents.