This compound is primarily utilized in the field of organic synthesis, particularly in the development of advanced materials and pharmaceuticals. It serves as a key intermediate in the production of various heterocyclic compounds, which are essential in creating dyes, pigments, and optoelectronic materials. Its structure is valuable in the synthesis of carbazole-based polymers, which are widely used in organic light-emitting diodes (OLEDs) and other electronic devices due to their excellent charge transport properties. Additionally, it plays a role in medicinal chemistry, where it is employed to design and synthesize novel drug candidates, especially those targeting neurological disorders and cancer, owing to its bioactive carbazole framework.