This chemical is primarily utilized in the synthesis of organic compounds, particularly in the production of specialty polymers and resins. It serves as a key intermediate in the creation of materials with enhanced optical properties, such as those used in liquid crystal displays (LCDs) and other optoelectronic devices. Additionally, it is employed in the development of advanced coatings and adhesives, where its unique structure contributes to improved durability and performance. In pharmaceutical research, it is used as a building block for the synthesis of complex molecules, aiding in the discovery of new drugs. Its versatility also extends to the field of organic electronics, where it is incorporated into the design of novel conductive materials.