This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceutical intermediates. It serves as a key building block in the production of various active pharmaceutical ingredients (APIs), especially those targeting inflammatory and autoimmune diseases. Its structure is often leveraged in the creation of small molecule inhibitors that modulate specific biological pathways.

Additionally, it finds application in material science, where it is used to develop polymers and coatings with enhanced properties such as UV resistance and durability. Its conjugated system makes it valuable in the design of organic electronic materials, including light-emitting diodes (LEDs) and photovoltaic cells.

In research, it is employed as a reagent in organic synthesis to explore novel chemical reactions and develop new methodologies. Its versatility and reactivity make it a useful tool for chemists working on drug discovery and material innovation.