Primarily used in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly in the development of compounds with potential anti-inflammatory and antioxidant properties. It is also utilized in the creation of specialty chemicals, including dyes and pigments, due to its ability to form stable and complex structures. In research, it acts as a building block for the development of novel materials with specific optical or electronic characteristics. Additionally, it finds application in the synthesis of liquid crystals, which are essential components in display technologies. Its role in polymerization processes is also notable, contributing to the production of high-performance polymers.