This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique structure makes it valuable for constructing heterocyclic compounds, which are often employed in pharmaceuticals and agrochemicals. Researchers leverage its reactivity to develop novel drugs, particularly those targeting neurological disorders, due to its potential interactions with biological systems. Additionally, it is explored in material science for creating organic semiconductors and light-emitting materials, contributing to advancements in electronic devices and optoelectronics. Its applications are driven by its ability to act as a building block in the synthesis of functionalized organic compounds.