This chemical is primarily utilized in organic synthesis, particularly in the field of polymer chemistry. It serves as a key intermediate in the production of conductive polymers, which are widely used in electronic devices such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its role in facilitating polymerization reactions makes it valuable for creating materials with enhanced electrical conductivity and optical properties. Additionally, it is employed in the development of advanced materials for sensors and energy storage applications due to its ability to modify the electronic structure of polymers.