This compound is primarily utilized in the development of photochromic materials, which change color upon exposure to light. It is commonly incorporated into lenses for eyewear, such as sunglasses and prescription glasses, to provide adaptive tinting that adjusts to varying light conditions. This enhances visual comfort and protection against UV radiation. Additionally, it is used in optical data storage systems, where its light-sensitive properties enable high-density information recording and retrieval. The compound also finds application in smart windows, which can dynamically control light transmission to improve energy efficiency in buildings. Its stability and reversible photochromic behavior make it a valuable component in advanced materials for both consumer and industrial applications.