This chemical is primarily utilized in advanced material sciences, particularly in the development of high-performance polymers and coatings. Its unique structure contributes to enhanced thermal stability and mechanical strength, making it suitable for applications in aerospace and automotive industries where durability under extreme conditions is crucial. Additionally, it is employed in the synthesis of specialized phosphorescent materials, which are used in organic light-emitting diodes (OLEDs) for display technologies. Its role in these applications stems from its ability to improve efficiency and longevity of the devices. Furthermore, it finds use in the pharmaceutical sector as an intermediate in the synthesis of complex molecules, leveraging its specific reactivity to facilitate precise chemical transformations.