This chemical is widely used in organic synthesis, particularly as a building block for creating more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, especially in the development of drugs targeting neurological disorders and anti-inflammatory conditions. Its structure allows it to participate in various coupling reactions, making it valuable in medicinal chemistry. Additionally, it is utilized in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its conjugated system also makes it suitable for research in materials science, particularly in the development of organic semiconductors and light-emitting diodes (LEDs).