This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and inflammatory disorders. Its structure allows for further functionalization, making it valuable in the creation of novel drug candidates. Additionally, it is employed in agrochemical research to develop new pesticides and herbicides, leveraging its unique chemical properties to enhance efficacy and selectivity. In material science, it is explored for the development of advanced organic electronic materials due to its potential in modifying electronic properties. Its versatility and reactivity make it a valuable tool in synthetic chemistry for constructing complex molecular architectures.