This compound is widely utilized in the synthesis of pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of various bioactive molecules, including those with potential antidepressant and antipsychotic properties. Additionally, it is employed in the creation of agrochemicals, such as pesticides and herbicides, due to its ability to act as a building block for complex structures. In material science, it is used in the preparation of organic semiconductors and other advanced materials, contributing to the development of electronic devices. Its versatility also extends to the field of organic synthesis, where it is a valuable precursor for constructing heterocyclic compounds, which are essential in numerous chemical industries.