Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting cancer and infectious diseases due to its structural properties that allow for effective binding to specific enzymes or receptors. Additionally, it finds application in organic synthesis, where it is utilized to create complex heterocyclic compounds with potential therapeutic benefits. Its role in the production of advanced materials, such as organic semiconductors, is also noteworthy, contributing to the development of electronic devices.