This chemical is primarily utilized in the development of advanced materials, particularly in the synthesis of organic polymers and resins. Its unique structure, featuring multiple hydroxyl and formyl groups, makes it a valuable precursor for creating high-performance coatings and adhesives with enhanced thermal stability and mechanical strength. It is also employed in the production of specialty dyes and pigments, where its ability to form stable complexes with metals results in vibrant and durable colors. Additionally, its application extends to the field of organic electronics, where it serves as a key component in the fabrication of organic light-emitting diodes (OLEDs) and photovoltaic cells, due to its excellent electron transport properties. In research, it is often used as a building block for designing novel molecular architectures with potential applications in catalysis and sensor technology.