Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various heterocyclic compounds. Its structure is particularly valuable in the development of organic light-emitting diodes (OLEDs), where it contributes to the creation of efficient and stable light-emitting materials. Additionally, it is employed in the synthesis of photoactive materials for use in photovoltaic devices, enhancing their performance and durability. The compound's unique properties also make it suitable for research in the field of fluorescence and phosphorescence studies, aiding in the design of new luminescent materials.