Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in developing drugs targeting neurological disorders, thanks to its ability to interact with specific receptors in the brain. Additionally, it finds application in the creation of small molecule inhibitors for enzymes involved in disease pathways. In material science, it contributes to the development of organic semiconductors and light-emitting diodes (OLEDs) due to its electron-rich aromatic system. Its versatility also extends to agrochemical research, where it aids in designing compounds for crop protection and pest control.