Used in organic synthesis as a building block for more complex molecules, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the synthesis of compounds with potential biological activities, such as anti-inflammatory and anticancer agents. The compound is also employed in the development of organic electronic materials due to its conjugated system, which can enhance electronic properties. Additionally, it is utilized in research for studying reaction mechanisms and as a precursor in the preparation of cinnamic acid derivatives for various industrial applications.