Used in organic synthesis as a key intermediate for creating complex molecules, particularly in the development of organic semiconductors and optoelectronic materials. It plays a role in the production of light-emitting diodes (LEDs) and photovoltaic cells due to its ability to form stable, conjugated systems. Additionally, it is utilized in the synthesis of fluorescent dyes and sensors, where its aromatic structure enhances photophysical properties. Researchers also employ it in the study of charge transport mechanisms in organic electronics, contributing to advancements in material science.