This chemical is widely utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure allows for the development of compounds with specific biological activities, particularly in the creation of drugs targeting neurological disorders and cancer. Additionally, it serves as a building block in agrochemical research, aiding in the development of new pesticides and herbicides with enhanced efficacy. In material science, it is employed in the synthesis of advanced organic materials, including liquid crystals and organic semiconductors, which are essential for electronic devices. Its versatility also extends to the field of organic synthesis, where it is used to introduce functional groups into complex molecules, facilitating the creation of novel chemical entities.