This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of complex organic compounds. Its unique structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of chiral molecules that require precise stereochemistry. Additionally, it finds application in materials science, where it is used to create advanced polymers and organic electronic materials due to its rigid and conjugated framework. Researchers also explore its potential in catalysis, leveraging its structural properties to facilitate specific chemical reactions.