This compound is primarily used in the field of organic synthesis and materials science. It serves as a versatile building block for the preparation of complex organic molecules, particularly in the development of ligands for metal coordination complexes. These complexes are often employed in catalysis, where they facilitate various chemical reactions, including polymerization and cross-coupling reactions. In materials science, it is utilized in the synthesis of functional polymers and supramolecular assemblies. Its ability to form stable complexes with metals makes it valuable in the creation of advanced materials with specific electronic or optical properties. Additionally, it is explored in the development of molecular sensors and devices due to its structural rigidity and reactivity.