This chemical is primarily utilized in organic synthesis and research applications, where it serves as an intermediate in the production of more complex chemical compounds. Its structure, featuring a naphthalene moiety, makes it suitable for studies involving aromatic systems and their reactivity. It is often employed in the development of dyes, pigments, and fluorescent materials due to its ability to absorb and emit light in specific wavelengths. Additionally, it finds use in the field of material science, particularly in the creation of organic semiconductors and photoconductive materials. Its role in these applications is driven by its stability and unique electronic properties, which are beneficial in designing advanced materials for electronic devices.