Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure allows for modifications that can lead to the creation of molecules with potential biological activity, particularly in the treatment of neurological disorders and infectious diseases. Additionally, it is employed in agrochemical research to develop new pesticides and herbicides, leveraging its chemical properties to target specific pests or weeds effectively. Its role in material science is also notable, where it contributes to the development of advanced materials with unique electronic or optical properties.