This chemical is primarily utilized in organic synthesis, particularly in the development of advanced materials. It serves as a key intermediate in the production of polymers and liquid crystals, which are essential components in electronic displays and optical devices. Additionally, its unique structure makes it valuable in the creation of flame retardants, enhancing the safety of various materials used in construction and textiles. Researchers also explore its potential in pharmaceutical applications, where it may contribute to the synthesis of novel drug compounds. Its versatility in chemical reactions makes it a valuable tool in both industrial and academic settings.