Used primarily in the development of advanced materials, this compound serves as a key intermediate in the synthesis of organic electronic components. Its unique structure makes it valuable in creating high-performance polymers and resins, particularly those requiring enhanced thermal stability and mechanical strength. It is also utilized in the production of specialty coatings and adhesives, where its properties contribute to improved durability and resistance to environmental factors. Additionally, it finds application in research focused on novel photochromic and electrochromic materials, aiding in the development of smart glass and display technologies.