Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting central nervous system disorders, including antipsychotic and antidepressant medications. Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its unique structure also makes it useful in material science, where it is employed in the development of organic semiconductors and other advanced materials.