Used primarily as a monomer in specialty polymer synthesis, this compound contributes to the development of functional materials with enhanced thermal stability and rigidity due to the bulky phenanthryl group. Its conjugated aromatic structure allows for applications in optoelectronic materials, including organic light-emitting diodes (OLEDs) and sensors, where extended π-systems improve charge transport and luminescent properties. It is also employed in the preparation of crosslinking agents and photoresists, benefiting from its ability to undergo radical polymerization via the methacrylate group. Additionally, its fluorescence characteristics make it suitable for use in fluorescent labeling and bioimaging when incorporated into polymer chains.