This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of conjugated polymers and small molecules for electronic applications. It serves as a key intermediate in the production of materials for organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), where its structure contributes to the tuning of electronic properties. Additionally, it is employed in the creation of fluorescent dyes and sensors due to its ability to interact with light and other molecules. Its role in medicinal chemistry is also notable, as it can be used to design and synthesize bioactive compounds with potential therapeutic applications.