Widely used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds targeting neurological disorders and cancer. Its structure allows for further functionalization, making it valuable in creating complex molecules for drug discovery. Additionally, it serves as a building block in agrochemical research, aiding in the development of novel pesticides and herbicides. In material science, it contributes to the synthesis of organic electronic materials, enhancing the performance of devices like organic light-emitting diodes (OLEDs). Its versatility and reactivity make it a crucial component in various industrial and research applications.