This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various organic compounds. Its structure, featuring a naphthalene ring and an acrylic acid ester group, makes it suitable for applications in the development of dyes and pigments, particularly those requiring stable and vibrant color properties. Additionally, it is employed in the synthesis of polymers and coatings, where its ability to participate in polymerization reactions enhances the durability and performance of the final product. In research, it is often used to study reaction mechanisms and to develop new synthetic methodologies, owing to its versatile reactivity.