Used primarily in organic synthesis and materials science, this compound serves as a building block for fluorescent dyes and optoelectronic materials. Its extended aromatic system allows for strong π-conjugation, making it valuable in the development of organic light-emitting diodes (OLEDs) and molecular sensors. It is also employed in research focused on photoresponsive compounds due to its ability to undergo controlled structural changes upon light exposure. Additionally, derivatives are explored in supramolecular chemistry for designing molecular switches and smart materials.