This chemical is primarily utilized in the field of organic synthesis, particularly in the development of advanced materials and functional dyes. Its unique structure allows it to act as a key intermediate in the synthesis of complex organic compounds, especially those with conjugated systems. It is often employed in the production of nonlinear optical materials, which are essential in technologies like photonics and optoelectronics. Additionally, its reactivity makes it suitable for use in the creation of sensitizers and pigments for dye-sensitized solar cells, contributing to renewable energy solutions. In research, it serves as a building block for studying charge transfer processes and designing molecules with specific electronic properties.