Used in organic synthesis, particularly in the production of fine chemicals and pharmaceuticals. It serves as a key intermediate in the creation of various bioactive compounds, including anti-inflammatory and anticancer agents. Its conjugated system makes it valuable in Diels-Alder reactions and other cycloaddition processes. Additionally, it is employed in the development of flavor and fragrance components due to its aromatic properties. In material science, it contributes to the synthesis of polymers and coatings with specific functional characteristics.