Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its structure is valuable in creating compounds with potential anti-inflammatory and analgesic properties. Additionally, it serves as a building block in agrochemical research for designing novel pesticides and herbicides. The compound is also utilized in material science for developing advanced organic electronic materials. Its unique chemical properties make it suitable for cross-coupling reactions, enabling the creation of complex molecules in organic synthesis.