This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of advanced materials and pharmaceuticals. Its unique structure makes it a valuable building block for creating complex molecules with specific properties. In material science, it is often employed in the production of organic semiconductors and conductive polymers, which are essential components in electronic devices such as organic light-emitting diodes (OLEDs) and solar cells. In the pharmaceutical industry, it serves as an intermediate in the synthesis of bioactive molecules, potentially contributing to the development of new drugs with therapeutic applications. Its versatility and stability make it a key component in various research and industrial processes.