Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is valuable in developing compounds with potential therapeutic effects, particularly in the treatment of neurological disorders and cancers. Additionally, it finds application in agrochemical research for creating new pesticides and herbicides, leveraging its unique chemical properties to enhance efficacy and selectivity. Furthermore, it is studied in materials science to develop materials with special properties, such as electrical conductivity or luminescence, potentially for use in electronic devices or sensors.