Used primarily in the field of materials science, this compound serves as a key building block in the synthesis of conjugated polymers and metal-organic frameworks (MOFs). Its ethynyl groups enable efficient cross-coupling reactions, facilitating the creation of extended π-conjugated systems, which are essential for developing organic semiconductors and optoelectronic devices. Additionally, its bipyridine moiety allows for strong coordination with metal ions, making it valuable in constructing luminescent materials and catalysts. The compound is also explored in the design of molecular wires and sensors due to its ability to facilitate electron transfer and interact with specific analytes.