This chemical is primarily utilized in the synthesis of advanced organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of complex molecules that exhibit biological activity. The compound is also employed in research settings for the creation of novel materials, including polymers and dyes, due to its ability to form stable structures with unique properties. Additionally, it finds application in organic electronics, where it contributes to the development of components for devices such as organic light-emitting diodes (OLEDs) and photovoltaic cells. Its versatile reactivity makes it a valuable building block in various chemical processes aimed at creating innovative products with specific functional characteristics.