Used primarily in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders and cancer. It serves as a key intermediate in the production of heterocyclic compounds, which are essential in medicinal chemistry for their bioactivity. Additionally, it is utilized in the creation of organic electronic materials, contributing to advancements in optoelectronics and sensors. Its role in agrochemical research is also notable, aiding in the development of novel pesticides and herbicides. The compound’s versatility makes it valuable in both industrial and academic research settings.