Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with biological activity, such as herbicides and fungicides. Additionally, it is utilized in research settings for studying reaction mechanisms and developing new synthetic pathways. The compound's unique properties make it suitable for applications in material science, particularly in the creation of organic electronic materials. Its versatility and reactivity contribute to its importance in advancing chemical innovation and industrial processes.