Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders and metabolic diseases. Its structure allows for effective modulation of biological activity in active compounds, making it valuable in medicinal chemistry. Also employed in agrochemicals to enhance the stability and efficacy of certain pesticides. Additionally, serves as a building block in the preparation of specialty polymers and ligands for catalysis due to its rigid aromatic framework and functional group compatibility.