This chemical is primarily used in the field of organic synthesis and material science. It serves as a key intermediate in the production of advanced polymers and coatings, where its unique structure contributes to enhanced durability and stability. Additionally, it is employed in the development of specialized adhesives and sealants, offering improved performance under high-stress conditions. In the pharmaceutical industry, it is utilized as a building block for synthesizing complex molecules, particularly those targeting neurological and cardiovascular disorders. Its application in optoelectronics is also noteworthy, where it aids in the creation of materials with specific light-absorbing properties, essential for devices like sensors and organic light-emitting diodes (OLEDs).