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 structure is particularly valuable in the development of pharmaceuticals, especially in the synthesis of compounds with potential therapeutic properties. Researchers leverage its unique chemical framework to create derivatives that can be tested for various biological activities, such as anti-inflammatory, antimicrobial, or anticancer effects. Additionally, it finds application in the study of chemical reactions and mechanisms, aiding in the advancement of synthetic methodologies. Its role in the development of novel materials, particularly in the context of organic electronics, is also being explored due to its potential to contribute to the creation of new functional materials.