This compound is primarily utilized in the field of organic chemistry research, particularly in the study of annulene structures and their unique electronic properties. Its structure, featuring a fused ring system, makes it a valuable model for understanding aromaticity and conjugation in complex molecules. Researchers often employ it to explore photophysical behaviors and potential applications in materials science, such as the development of organic semiconductors or light-emitting materials. Additionally, it serves as a precursor or intermediate in the synthesis of more complex organic compounds, contributing to advancements in pharmaceutical and chemical industries. Its stability and reactivity profile also make it a candidate for studying reaction mechanisms and designing novel catalysts.