This chemical is primarily used as an intermediate in the synthesis of specialty chemicals, particularly in the production of liquid crystals. It plays a critical role in the development of materials for display technologies, such as LCDs, due to its ability to influence the alignment and stability of liquid crystal molecules. Additionally, it finds application in organic synthesis for creating complex molecules, including polymers and surfactants, where its unique structure contributes to desired properties like solubility and reactivity. Its use in research and development for advanced materials further highlights its importance in innovative industrial applications.