Used primarily in organic synthesis and material science, this compound serves as a building block for creating complex molecular structures. Its pyrene moiety makes it valuable in the development of fluorescent dyes and sensors, particularly for detecting specific analytes in environmental and biological samples. Additionally, it is employed in the production of organic semiconductors and conductive polymers, which are crucial for manufacturing electronic devices like OLEDs and solar cells. Its ethynyl group allows for further functionalization, enabling the creation of tailored materials with specific optical and electronic properties.