Used primarily in organic synthesis and materials science research, this compound serves as a building block for complex polycyclic aromatic systems. Its rigid, extended aromatic framework makes it valuable in the development of organic semiconductors and optoelectronic materials. It is also investigated for use in the design of novel ligands in catalysis and as a structural motif in supramolecular chemistry due to its unique three-dimensional shape and pi-electron system. Additionally, derivatives of this compound are explored for potential applications in organic light-emitting diodes (OLEDs) and molecular electronics.