Used as a key intermediate in the synthesis of liquid crystalline materials, this compound plays a crucial role in the development of advanced display technologies, such as LCDs. Its unique structure allows for the creation of stable and responsive liquid crystal phases, which are essential for high-performance screens. Additionally, it finds application in organic synthesis, particularly in the preparation of specialty chemicals and polymers with tailored properties. Its hydrophobic nature also makes it suitable for use in coatings and surface modifications, where water resistance and durability are required.