Used in the synthesis of organic compounds, particularly in the development of fluorescent materials and dyes due to its ability to form conjugated systems. It serves as a key intermediate in the production of optical brighteners and photochromic materials, which are applied in textiles, paper, and plastics. Additionally, it is utilized in the creation of liquid crystals for display technologies, contributing to improved performance in electronic devices. Its role in organic electronics and photovoltaics is also notable, as it aids in enhancing the efficiency of light absorption and energy conversion in solar cells.