This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of liquid crystals and advanced materials. Its structure makes it suitable for creating polymers with specific optical and electronic properties, often used in displays and sensors. Additionally, it serves as a key intermediate in the production of photoresponsive materials, which are essential in applications like light-sensitive coatings and optoelectronic devices. Its role in organic synthesis also extends to the creation of supramolecular assemblies, which are critical in nanotechnology and material science research.