This chemical is primarily utilized in research and development within the field of organic chemistry, particularly in the synthesis of complex heterocyclic compounds. It serves as a key intermediate in the preparation of various biologically active molecules, including potential pharmaceuticals and agrochemicals. Its unique structure allows it to participate in reactions that form nitrogen-containing ring systems, which are crucial in drug discovery. Additionally, it has been explored in the development of organic electronic materials due to its conjugated system, which can influence electronic properties. Its applications are largely confined to laboratory settings, where it aids in the study of reaction mechanisms and the creation of novel compounds.