This compound is primarily utilized in the field of organic synthesis as an intermediate for the production of more complex chemical structures. It is often employed in the development of liquid crystals, which are essential components in display technologies such as LCD screens. Additionally, its unique structure makes it suitable for use in the creation of specialty polymers and resins, where it can enhance thermal stability and mechanical properties. In research, it serves as a building block for studying stereochemistry and reaction mechanisms due to its symmetrical and rigid framework.