Used primarily in organic synthesis, this compound serves as a key intermediate in the production of advanced materials, including polymers and resins with specific optical or electronic properties. It is particularly valuable in the development of conjugated polymers for use in organic semiconductors, which are essential components in organic light-emitting diodes (OLEDs) and photovoltaic cells. Additionally, its ethynyl group allows for further functionalization, making it useful in click chemistry reactions to create complex molecular architectures for research and industrial applications.