This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs) and crop protection agents. Its ethynyl group makes it a valuable building block for click chemistry reactions, enabling the creation of diverse chemical structures. Additionally, it is employed in the development of dyes and pigments due to its ability to form stable aromatic systems. Researchers also explore its potential in material science for designing advanced polymers and coatings with specific functional properties.