Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential therapeutic properties, such as anti-inflammatory and anti-cancer agents. Additionally, it is utilized in material science for the creation of advanced polymers and organic electronic materials, where its stability and electronic properties are advantageous. In research, it is often employed as a building block for the design of complex molecules with specific functionalities.