This compound is primarily utilized in the development of advanced organic materials, particularly in the field of organic electronics. Due to its unique structure, it serves as a key intermediate in synthesizing organic semiconductors, which are essential components in devices like organic light-emitting diodes (OLEDs) and organic photovoltaic cells (OPVs). Its aromatic and tetrahydronaphthalene moieties contribute to enhanced charge transport properties, making it suitable for improving the efficiency of these devices. Additionally, it is explored in the synthesis of liquid crystals, which are used in display technologies, owing to its ability to influence molecular alignment and stability. In research, it is also employed as a building block for creating complex organic molecules with potential applications in medicinal chemistry, particularly in the design of bioactive compounds.