This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure is particularly valuable in the development of drugs that target specific biological pathways, such as antiviral and anticancer agents. Additionally, it is employed in the creation of agrochemicals, contributing to the synthesis of pesticides and herbicides that help protect crops from pests and diseases. Its unique properties also make it a useful component in the research and development of new materials, particularly in the study of organic electronics and photovoltaics, where it can be used to enhance the performance of light-sensitive devices.