This chemical is primarily utilized in the development of photochromic materials, which change color in response to light exposure. It is particularly valuable in the production of smart lenses, such as transition lenses for eyewear, which automatically darken under bright sunlight and become clear indoors. Additionally, it finds application in optical data storage systems, where its light-sensitive properties enable efficient data recording and retrieval. The compound is also explored in advanced research for creating light-responsive sensors and switches, contributing to innovations in nanotechnology and smart materials. Its ability to undergo reversible structural changes makes it a key component in the design of dynamic and adaptive systems.