This compound is primarily utilized in the field of organic synthesis and materials science. It serves as a key intermediate in the production of advanced polymers and resins, where it enhances thermal stability and flame retardancy. Additionally, it is employed in the development of photoresist materials for semiconductor manufacturing, contributing to improved resolution and performance in lithography processes. Its unique properties also make it valuable in the creation of specialty coatings that require high durability and resistance to environmental factors. Furthermore, it finds application in the synthesis of phosphorescent materials, which are used in organic light-emitting diodes (OLEDs) and other optoelectronic devices.