Used in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of drugs with potential anti-inflammatory and analgesic properties. Additionally, it is utilized in the development of organic light-emitting diodes (OLEDs) due to its electron-transporting capabilities. In agrochemical research, it contributes to the creation of novel pesticides and herbicides. Its structural properties also make it valuable in material science for designing advanced polymers and coatings.