Widely utilized in pharmaceutical research, this compound serves as a key building block in the synthesis of various drugs. Its unique structure makes it valuable in developing compounds with potential therapeutic effects, particularly in the treatment of neurological disorders and cancer. Additionally, it is employed in agrochemical research to create novel pesticides and herbicides, contributing to improved crop protection. In material science, it is explored for its potential in creating advanced organic electronic materials, such as those used in light-emitting diodes (LEDs) and solar cells. Its versatility and reactivity make it a crucial component in diverse industrial and scientific applications.