This chemical is primarily utilized in organic synthesis and material science due to its unique structural properties. It serves as a building block in the development of advanced organic electronic materials, particularly in the creation of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its rigid and planar structure enhances charge transport properties, making it suitable for use in semiconducting layers. Additionally, it is employed in the synthesis of liquid crystals and as a precursor for complex organic molecules in research and industrial applications. Its stability and specific molecular configuration also make it valuable in the study of photophysical properties and as a model compound in theoretical chemistry.