This chemical is primarily used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It plays a crucial role in the development of active ingredients for medications targeting various diseases. Additionally, it is utilized in the production of specialty chemicals that are integral to advanced material research, particularly in the development of polymers and coatings with enhanced properties. Its application extends to the field of organic electronics, where it contributes to the creation of materials for electronic devices. The compound's versatility makes it valuable in research and industrial processes aimed at innovation in chemical synthesis and material science.