Used as a key intermediate in organic synthesis, particularly in the development of photochromic and electroactive materials. It serves in the preparation of functional dyes and pigments due to its conjugated structure and light-responsive properties. Applied in research for organic semiconductors and nonlinear optical materials. Also explored in medicinal chemistry for its potential bioactivity, including anti-inflammatory and anticancer properties, owing to its ability to interact with biological targets through π-π stacking and hydrogen bonding.