This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile building block for the creation of more complex molecules. Its structure is particularly valuable in the development of pharmaceuticals, where it can be incorporated into drug candidates targeting various diseases. Additionally, it is employed in the synthesis of agrochemicals, contributing to the development of new pesticides and herbicides. The compound's unique isoindole core also makes it a useful intermediate in the preparation of materials with potential applications in electronics and optoelectronics. Its reactivity and functional groups allow for further modifications, enabling researchers to tailor its properties for specific applications.