This compound is primarily utilized in the synthesis of advanced materials, particularly in the development of liquid crystal displays (LCDs). Its unique structure contributes to the stability and performance of liquid crystal molecules, enhancing display clarity and response times. Additionally, it serves as a key intermediate in organic synthesis, enabling the production of specialized polymers and coatings with tailored properties such as flexibility, durability, and resistance to environmental factors. Its application extends to the pharmaceutical industry, where it is used in the creation of drug delivery systems and bioactive molecules due to its ability to modify chemical interactions and improve efficacy.