This compound is primarily utilized in the development of advanced materials, particularly in the field of liquid crystal displays (LCDs). Its unique structure allows it to contribute to the stabilization and alignment of liquid crystal molecules, enhancing the performance and clarity of screens. Additionally, it is explored in organic synthesis for creating complex molecules with specific optical properties, making it valuable in photonics and optoelectronics. Its potential applications also extend to the pharmaceutical industry, where it may serve as a building block for drug development due to its functional groups that can be tailored for specific biological interactions.