Used as a key intermediate in the synthesis of organic semiconductors and optoelectronic materials. Its rigid polycyclic structure and electron-deficient nature make it suitable for developing conjugated systems in organic field-effect transistors (OFETs) and dye-sensitized solar cells (DSSCs). Also explored in pharmaceutical research for its potential bioactivity, particularly in anti-inflammatory and anticancer compound development due to its ability to interact with biological targets through hydrogen bonding and π-π stacking.