Used in organic synthesis to create compounds with potential biological activity. It serves as a precursor in the development of photosensitive materials, particularly in the field of photopolymerization. The compound is also explored for its potential use in dye-sensitized solar cells due to its light-absorbing properties. Additionally, it finds application in research related to nonlinear optical materials, which are essential in advanced technologies like telecommunications and data storage. Its unique structure makes it a candidate for studying molecular interactions in various chemical processes.