This compound is primarily utilized in the synthesis of organic materials, particularly in the development of photoresists for semiconductor manufacturing. Its ability to absorb UV light makes it suitable for use in light-sensitive applications, where it helps in creating precise patterns on silicon wafers. Additionally, it serves as an intermediate in the production of pharmaceuticals, especially in the synthesis of compounds with potential antioxidant properties. Its structure also makes it a candidate for research in organic electronics, where it can be used to develop materials for light-emitting diodes (LEDs) and other optoelectronic devices.