Primarily used in organic synthesis, this compound serves as a key intermediate in the preparation of anthracene derivatives. Its structure allows it to participate in various chemical reactions, making it valuable for creating complex organic molecules. It is also utilized in the development of fluorescent dyes and pigments due to its anthracene core, which exhibits strong luminescent properties. Additionally, it finds application in materials science, particularly in the design of organic semiconductors and photoconductive materials. Its ability to form stable complexes with metals makes it useful in coordination chemistry for creating metal-organic frameworks (MOFs) and other advanced materials.