This chemical is primarily used in the field of organic synthesis, particularly as an intermediate in the production of more complex organic compounds. It plays a significant role in the development of pharmaceuticals, where it can be utilized to create active pharmaceutical ingredients (APIs) or other bioactive molecules. Additionally, it finds application in material science, contributing to the synthesis of advanced materials with specific optical or electronic properties. Its structure makes it suitable for use in research and development processes aimed at discovering new chemical entities or improving existing ones.