Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the creation of compounds with potential therapeutic effects, such as anti-inflammatory, analgesic, and neuroprotective agents. Additionally, it finds application in the development of dyes and organic semiconductors, contributing to advancements in materials science. Its versatility also extends to agrochemical research, where it aids in the design of novel pesticides and herbicides.