Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various heterocyclic compounds. It is particularly valuable in the development of pharmaceuticals, where it contributes to the creation of molecules with potential therapeutic properties. Additionally, it finds application in the field of material science, aiding in the synthesis of organic semiconductors and other advanced materials. Its role in research and development is significant, especially in the exploration of new chemical entities with specific biological or physical properties.