Used as a key intermediate in the synthesis of advanced organic materials, particularly in the preparation of conjugated polymers and dendrimers. Its reactive chloromethyl groups allow for easy functionalization, making it valuable in creating cross-linked networks for optoelectronic devices. It is also employed in the development of porous organic frameworks for gas storage and catalysis. Additionally, this compound serves as a building block in pharmaceutical research, where it helps construct complex molecular architectures through selective substitution reactions.