This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of compounds that target various biological pathways, including those involved in neurological disorders and cancer. Its structure allows for further functionalization, making it valuable in the design of molecules with potential therapeutic effects. Additionally, it is employed in organic chemistry for the construction of complex heterocyclic frameworks, which are often explored for their biological activity. Its applications also extend to material science, where it is used in the development of advanced organic materials with specific electronic or photophysical properties.