Widely used in organic synthesis, it serves as a key intermediate for the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. Its structure is valuable in creating complex molecules for drug discovery, especially in targeting neurological and inflammatory diseases. Additionally, it is employed in the synthesis of organic electronic materials, contributing to the development of semiconductors and light-emitting diodes (LEDs). Its versatile reactivity also makes it useful in the preparation of dyes and pigments for industrial applications.