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 is particularly valuable in the creation of heterocyclic compounds, which are often explored for their potential therapeutic properties. Additionally, it is utilized in agrochemical research for developing new pesticides and herbicides, leveraging its reactivity to form compounds that target specific pests or weeds. In material science, it can be incorporated into the design of advanced materials, such as organic semiconductors or polymers, due to its ability to modify electronic properties. Its versatility makes it a valuable building block in organic synthesis across multiple industries.