This compound is primarily utilized in the field of organic synthesis and material science. It serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting neurological and inflammatory disorders. Its unique structure allows it to act as a precursor for developing compounds with potential therapeutic effects. Additionally, it is employed in the synthesis of advanced materials, such as liquid crystals and polymers, due to its ability to modify physical properties like thermal stability and optical characteristics. In agricultural chemistry, it is explored for its potential as a building block in creating novel pesticides or herbicides, leveraging its chemical reactivity to target specific biological pathways in pests or weeds.