This chemical is primarily used in the synthesis of organic compounds, particularly in the development of advanced materials and specialty chemicals. It serves as a key intermediate in the production of liquid crystal displays (LCDs) and other optoelectronic devices due to its ability to form stable and ordered structures. Additionally, it is employed in the creation of polymers and coatings that require high thermal stability and UV resistance. Its unique structure also makes it valuable in pharmaceutical research for developing bioactive molecules with potential therapeutic applications.