This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various heterocyclic compounds. Its unique structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of molecules with potential therapeutic properties. Additionally, it finds application in the creation of agrochemicals, contributing to the development of new pesticides and herbicides. Its role in material science is also noteworthy, as it is used in the synthesis of organic electronic materials, which are essential in the manufacturing of semiconductors and other electronic components.