This compound is primarily used in organic synthesis as a versatile building block for the creation of more complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Additionally, it is employed in the preparation of agrochemicals, where it contributes to the development of new pesticides or herbicides. Its unique structure also makes it useful in materials science, particularly in the design of organic electronic materials or dyes. Researchers often utilize it in coupling reactions to construct heterocyclic frameworks, which are essential in drug discovery and development.