Used as an intermediate in organic synthesis, particularly in reactions involving quinone chemistry. It participates in Diels-Alder reactions due to its diene structure, making it valuable in the construction of complex cyclic compounds. Its electron-deficient diene system allows it to act as a dienophile acceptor in cycloadditions, useful in pharmaceutical and agrochemical synthesis. Also employed in studies of redox processes and electron transfer mechanisms because of its quinone functionality. Its derivatives may find use in materials science, especially in developing electroactive compounds and sensors.