Used primarily as an intermediate in organic synthesis, this compound plays a key role in the development of pharmaceuticals and fine chemicals. Its structure supports the construction of complex aromatic systems, making it valuable in the preparation of bioactive molecules. It is also employed in the synthesis of photoinitiators used in UV-curable coatings and resins. Additionally, derivatives of this compound have been explored for their potential in materials science, particularly in the design of functional organic compounds with tailored electronic properties.