This chemical is primarily used in the synthesis of organic compounds, particularly in the development of advanced materials and polymers. Its structure makes it valuable in creating specialized polymers with unique optical and electronic properties, which are essential in the production of organic light-emitting diodes (OLEDs) and other optoelectronic devices. Additionally, it serves as an intermediate in the manufacture of dyes and pigments, contributing to the vibrant and stable colors required in various industrial applications. Its role in organic synthesis also extends to the pharmaceutical industry, where it may be used in the development of novel drug candidates.