Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its unique structure allows it to participate in cycloaddition reactions, making it valuable for constructing complex molecular frameworks. Additionally, it is employed in the development of dyes and pigments due to its ability to form stable conjugated systems. In research, it is utilized to study reaction mechanisms involving conjugated trienes and carbonyl groups. Its reactivity also makes it a candidate for creating novel materials with specific electronic or optical properties.