Used primarily as an intermediate in the synthesis of nonlinear optical materials, this compound plays a key role in the development of organic electro-optic devices. Its strong electron donor-acceptor structure makes it valuable in creating materials for second-harmonic generation, which is essential in laser technologies and photonic applications. It is also employed in research settings for designing fluorescent probes and sensors due to its distinct charge-transfer characteristics. Additionally, derivatives of this compound are explored in liquid crystal formulations and molecular electronics for their ability to modulate light and electrical responses.