Used primarily in organic synthesis, this compound serves as an intermediate in the production of pharmaceuticals and agrochemicals. Its nitroethenyl group makes it valuable for constructing complex molecules through various chemical reactions, including cyclizations and nucleophilic additions. Additionally, it is employed in the development of liquid crystal materials, where its structural properties contribute to the desired electronic and optical characteristics. In research, it is utilized in the study of nonlinear optical materials due to its ability to enhance molecular hyperpolarizability.