This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of pharmaceutical agents, particularly those targeting specific enzymes or receptors involved in diseases. Its structure is often incorporated into drug candidates for its potential to interact with biological targets, such as kinases, which play a role in cancer and inflammatory disorders. Additionally, it is explored in the design of compounds with antimicrobial or antiviral properties, contributing to the ongoing search for new therapeutic options. Researchers also study its derivatives for their potential in creating materials with unique electronic properties, which could be applied in organic electronics or sensors.