This chemical is primarily utilized in advanced materials research, particularly in the development of specialized polymers and coatings. Its unique structure allows it to act as a flame retardant, enhancing the fire resistance of materials without compromising their mechanical properties. Additionally, it is employed in the synthesis of organic electronic components, where its stability and electronic properties contribute to the performance of devices such as organic light-emitting diodes (OLEDs) and photovoltaic cells. In the field of medicinal chemistry, it serves as a key intermediate in the production of bioactive compounds, particularly those targeting specific enzymes or receptors in therapeutic applications. Its role in catalysis is also notable, as it facilitates certain chemical reactions with high efficiency and selectivity.