Used primarily in organic synthesis, this compound serves as an intermediate in the production of more complex chemical structures. It is particularly valuable in the development of liquid crystals, which are essential components in displays for electronic devices like LCD screens. Additionally, it finds application in the field of materials science, where it contributes to the creation of advanced polymers and coatings with specific optical or electronic properties. Its role in research also extends to the study of molecular interactions and the development of novel organic compounds with potential pharmaceutical applications.