Used as a key intermediate in the synthesis of organic semiconductors and fluorescent dyes due to its extended conjugated system and electron-withdrawing cyanoester group. Its naphthalene backbone with methoxy substituents enhances light absorption and emission properties, making it suitable for applications in OLEDs and photovoltaic devices. Also employed in the preparation of nonlinear optical materials and as a building block in conjugated polymers for optoelectronic applications. The compound’s reactivity allows for further functionalization in cross-coupling reactions, enabling tailored molecular design in advanced material science.