This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and bioactive compounds. Its unique structure makes it valuable in the development of drugs targeting central nervous system disorders, including potential treatments for anxiety and depression. Additionally, it serves as a building block in the synthesis of complex molecules used in medicinal chemistry research. Its application extends to the creation of novel compounds with potential anti-inflammatory and antimicrobial properties. Researchers also explore its use in the development of advanced materials, particularly in the field of organic electronics, due to its aromatic and heterocyclic properties.