This compound is primarily utilized in organic synthesis and material science research. It serves as a key intermediate in the development of organic semiconductors and optoelectronic materials due to its conjugated structure, which facilitates electron transport and light absorption. Additionally, it is explored in the synthesis of fluorescent dyes and sensors, leveraging its ability to emit light under specific conditions. Its unique structure also makes it a candidate for studying charge-transfer complexes and photophysical properties in advanced materials.