This chemical is primarily utilized in the synthesis of advanced materials and organic compounds. It serves as a key intermediate in the production of liquid crystal displays (LCDs), where it contributes to the development of high-performance liquid crystal molecules. Additionally, it is employed in pharmaceutical research for the creation of novel drug candidates, particularly in the development of compounds targeting specific biological pathways. Its unique structure also makes it valuable in the field of organic electronics, aiding in the design of materials for optoelectronic devices.