It is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders and inflammatory conditions. Its structure serves as a key intermediate in the production of selective inhibitors for enzymes and receptors involved in disease pathways. Additionally, it finds application in agrochemical research for creating novel pesticides and herbicides, leveraging its ability to modify biological activity. In material science, it is explored for its potential in designing organic electronic materials due to its unique chemical properties.