This compound is primarily utilized in the pharmaceutical and chemical research industries. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly in the development of drugs targeting specific enzymes or receptors. Its structural features make it suitable for modifications that enhance drug efficacy and selectivity. Additionally, it is employed in organic synthesis for creating complex aromatic compounds, which are valuable in material science and medicinal chemistry. Its applications also extend to agrochemical research, where it contributes to the development of new pesticides or herbicides.