This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various drugs, including anti-inflammatory and analgesic agents. Its structure allows for the introduction of functional groups that enhance the biological activity of the final drug molecules. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of pesticides and herbicides with improved efficacy and selectivity. In material science, it is used in the synthesis of organic electronic materials, such as those found in OLEDs, due to its ability to form stable conjugated systems. Its versatility in organic synthesis makes it a valuable component in research and industrial applications.