This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of complex molecules. Its structure makes it valuable for constructing polycyclic frameworks, which are often found in pharmaceuticals and agrochemicals. Additionally, it is employed in material science for the development of organic electronic materials, such as semiconductors or light-emitting diodes (LEDs), due to its stable and conjugated system. Researchers also explore its potential in creating novel dyes and pigments for industrial applications.