This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive compounds. Its structure makes it valuable for constructing complex molecules, particularly in the creation of potential drug candidates targeting neurological disorders and infectious diseases. Additionally, it is employed in agrochemical research for developing novel pesticides and herbicides, owing to its ability to act as a building block for active ingredients. Its applications also extend to material science, where it is used in the development of organic electronic materials and dyes.