This compound is primarily utilized in the field of organic synthesis and material science due to its unique structural properties. It serves as a key intermediate in the production of advanced organic materials, particularly those requiring high stability and specific electronic properties. Its application extends to the development of novel photochromic and electrochromic materials, which are essential in the manufacturing of smart windows and displays. Additionally, it is employed in the synthesis of complex organic molecules for pharmaceutical research, where its structural framework contributes to the creation of potential drug candidates with enhanced bioactivity. In the realm of polymer chemistry, it is used to modify polymer chains, imparting desirable characteristics such as improved thermal stability and mechanical strength.