Used primarily in organic synthesis and materials science, this compound serves as a building block for liquid crystal formulations and advanced organic semiconductors. Its rigid, linear structure with extended π-conjugation enhances electron mobility, making it valuable in the development of organic field-effect transistors (OFETs) and thin-film electronics. It is also employed in the preparation of specialty polymers and photoresponsive materials due to its thermal stability and ability to undergo palladium-catalyzed coupling reactions. Additionally, derivatives of this compound are explored in research settings for optoelectronic devices such as OLEDs and sensors.