Used primarily in the synthesis of advanced materials, it serves as a key intermediate in the production of liquid crystals, which are essential for display technologies like LCDs. Its structure is also utilized in organic synthesis to create complex molecules for pharmaceutical research, particularly in developing compounds with potential therapeutic properties. Additionally, it finds application in the field of polymer chemistry, where it acts as a monomer or additive to modify the properties of polymers, enhancing their thermal stability and mechanical strength. In research, it is employed as a model compound to study reaction mechanisms and molecular interactions in organic chemistry.