Used in the synthesis of various pharmaceutical compounds, particularly those targeting neurological disorders and inflammation. It serves as a key intermediate in the production of heterocyclic compounds, which are essential in drug development. Additionally, it is utilized in agrochemical research for creating pesticides and herbicides due to its structural properties. In material science, it contributes to the development of advanced polymers and coatings with enhanced durability and performance. Its role in organic synthesis also extends to the creation of dyes and pigments for industrial applications.