This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of advanced materials. It serves as a key intermediate in the production of polymers and resins, which are essential for creating high-performance plastics and coatings. Additionally, it is employed in the field of organic electronics, where it contributes to the fabrication of light-emitting diodes (LEDs) and other optoelectronic devices. Its structural properties make it valuable in research focused on designing molecules with specific optical and electronic characteristics. Furthermore, it finds applications in the development of fluorescent dyes and sensors, which are used in biological imaging and environmental monitoring.