Used in organic synthesis as a building block for more complex molecules, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a precursor in cross-coupling reactions, such as Suzuki and Sonogashira couplings, to create naphthalene derivatives with potential biological activity. Also employed in material science for the development of organic semiconductors and light-emitting diodes (OLEDs) due to its electron-withdrawing properties. Its unique structure makes it valuable in research for studying reaction mechanisms and developing new synthetic methodologies.