Used as a key intermediate in organic synthesis, particularly in the preparation of conjugated polymers and organic semiconductors. Its diketone functionality allows for condensation reactions to form heterocyclic structures, which are valuable in developing optoelectronic materials. Commonly employed in the synthesis of thiophene-based dyes and fluorescent probes due to its ability to extend π-conjugation. Also finds use in the fabrication of organic solar cells and thin-film transistors, where its electron-accepting properties enhance charge transport characteristics.