Used primarily in the synthesis of advanced materials, this compound plays a crucial role in the development of liquid crystal displays (LCDs). It serves as a key intermediate in the production of liquid crystal molecules that are essential for the display technology found in televisions, monitors, and smartphones. Additionally, it is utilized in the creation of dyes and pigments, contributing to the vibrant colors seen in various textiles and inks. Its chemical structure makes it valuable in organic synthesis, particularly in the formation of complex aromatic compounds used in pharmaceuticals and agrochemicals. The compound's stability and reactivity also make it suitable for research in polymer chemistry, aiding in the development of new materials with specific optical and electronic properties.