Used as a key intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of anti-inflammatory and anticancer agents. Its conjugated structure makes it valuable in organic synthesis for constructing more complex molecules through coupling reactions. Also employed in the preparation of natural product analogs and bioactive compounds due to its ability to participate in Michael additions and cyclization reactions. Shows potential in materials science as a building block for functional organic materials owing to its rigid, planar framework and electron-delocalization properties.