This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of various pharmaceutical compounds. Its structure is particularly valuable in the creation of molecules that exhibit biological activity, such as inhibitors for specific enzymes or receptors. Additionally, it is employed in the synthesis of complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers also leverage its reactivity in the design of novel materials, particularly those with applications in optoelectronics and organic light-emitting diodes (OLEDs). Its role in these areas underscores its importance in advancing both medicinal chemistry and material science.