This chemical is primarily utilized in the field of materials science, particularly in the development of advanced polymers and coatings. Its unique structure makes it effective as a UV stabilizer, protecting materials from degradation caused by ultraviolet light exposure. It is often incorporated into plastics, paints, and varnishes to enhance their durability and longevity when used in outdoor applications. Additionally, it finds use in the production of electronic components, where it helps improve the performance and stability of organic semiconductors under harsh environmental conditions. Its ability to absorb UV radiation also makes it a valuable additive in the manufacturing of protective films and adhesives.