Used in the development of advanced materials, particularly in the creation of polydiacetylenes, which are known for their unique optical properties. These materials are applied in sensors for detecting environmental changes, such as temperature, pH, or the presence of specific chemicals, due to their colorimetric response. Additionally, it serves as a precursor in the synthesis of organic compounds with potential applications in nanotechnology and molecular electronics, where precise molecular structures are crucial. Its ability to form stable films makes it valuable in surface modification and coating technologies.