Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders and cancer. It is also employed in the production of agrochemicals, where it serves as a building block for creating pesticides and herbicides. In material science, it is utilized in the preparation of organic electronic materials, such as semiconductors and light-emitting diodes (LEDs). Additionally, it plays a role in organic synthesis for constructing complex molecules in research and industrial applications.