Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it valuable in the development of potential therapeutic agents, particularly in the field of oncology, where it is explored for its potential to inhibit specific enzymes involved in cancer progression. Additionally, it is investigated for its role in creating compounds with anti-inflammatory and antimicrobial properties. The chemical's versatility also extends to material science, where it is used in the development of advanced organic materials with specific electronic or photonic properties.