This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique structure makes it valuable for constructing polycyclic compounds, which are often found in pharmaceuticals and agrochemicals. Additionally, it is employed in the development of materials science, particularly in the creation of organic semiconductors and optoelectronic devices. Its stability and reactivity also make it a suitable candidate for research in catalytic processes and polymer chemistry.