Used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing potential drug candidates, particularly in the field of central nervous system (CNS) disorders. The compound is also explored in agrochemical research for creating novel pesticides and herbicides. Its versatility in chemical reactions makes it a useful building block in organic synthesis for producing heterocyclic compounds. Additionally, it finds application in material science for designing advanced organic materials with specific electronic properties.