Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly those targeting neurological disorders. Its structure is valuable in the development of compounds with potential anti-inflammatory and antioxidant properties. Additionally, it finds application in materials science, where it contributes to the creation of organic semiconductors and light-emitting diodes (LEDs). Its unique properties also make it useful in dye and pigment manufacturing, enhancing color stability and performance.