This chemical is primarily utilized in the development of advanced materials, particularly in the field of liquid crystal displays (LCDs) and optical storage devices. Its unique molecular structure allows it to undergo reversible photoisomerization, making it suitable for applications in light-responsive systems. It is often incorporated into polymers to create smart materials that can change their properties when exposed to specific wavelengths of light. Additionally, it plays a role in the fabrication of holographic data storage systems, where its ability to modulate light is exploited for high-density information recording. Its compatibility with various polymer matrices also makes it valuable in the design of photonic devices and sensors.