It is commonly used as an intermediate in the synthesis of organic compounds, particularly in the production of liquid crystals, which are essential components in displays for electronic devices like LCD screens. Additionally, it serves as a building block in the development of advanced materials, including polymers and resins, due to its stable aromatic structure. Its role in organic synthesis also extends to the creation of specialty chemicals used in pharmaceuticals and agrochemicals. Furthermore, it is utilized in research and development for studying reaction mechanisms and designing new chemical entities with specific properties.