Used as an intermediate in organic synthesis, particularly in the preparation of functional organic materials such as dyes, pigments, and electronic materials. Its naphthalene backbone with electron-withdrawing nitrile and electron-donating alkoxy groups makes it suitable for designing charge-transfer complexes and optoelectronic compounds. It is also employed in the development of liquid crystals and organic semiconductors due to its planar structure and ability to facilitate π-π stacking interactions. Additionally, it serves as a building block in the synthesis of advanced materials for organic light-emitting diodes (OLEDs) and sensors.