This chemical is widely used in the synthesis of organic compounds, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of various drugs, including those targeting inflammation and cancer. Its structure allows it to participate in reactions that form complex molecules with potential therapeutic properties.

In material science, it is employed in the creation of advanced polymers and coatings. Its ability to form stable, cross-linked structures enhances the durability and performance of materials used in industrial applications.

Additionally, it is utilized in research for developing organic electronic materials. Its conjugated system makes it suitable for use in organic light-emitting diodes (OLEDs) and other electronic devices, contributing to advancements in display technology and energy-efficient lighting.