Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of kinase inhibitors, which are crucial for targeting specific pathways in cancer therapy. Additionally, it finds application in the creation of compounds that modulate neurotransmitter systems, potentially aiding in the treatment of neurological disorders. Its versatility also extends to material science, where it contributes to the development of organic semiconductors and light-emitting diodes (LEDs).