Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. It is also employed in the research and production of organic electronic materials, where its structural properties contribute to the enhancement of material performance in devices like organic light-emitting diodes (OLEDs) and solar cells. Additionally, its role in the synthesis of complex molecules makes it valuable in the study of chemical reactions and the development of new synthetic methodologies.