Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure allows for the creation of complex molecules, particularly in the development of drugs targeting neurological disorders and certain types of cancers. Additionally, it is employed in agrochemical research for designing novel pesticides and herbicides, leveraging its reactivity to form biologically active compounds. In material science, it contributes to the synthesis of advanced organic materials with potential applications in electronics and optoelectronics. Its unique properties make it valuable in diverse chemical transformations, aiding in the discovery of innovative solutions across multiple industries.