Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various heterocyclic compounds. Its structure is particularly valuable in the development of potential drug candidates, especially those targeting neurological disorders and cancers. Researchers leverage its reactivity to create molecules that can interact with specific biological targets, such as enzymes or receptors, aiding in the discovery of novel therapeutic agents. Additionally, it finds use in material science, where it contributes to the development of organic semiconductors and other advanced materials with potential applications in electronics and optoelectronics.