This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its unique structure makes it a valuable intermediate in the creation of compounds targeting various biological pathways. It has shown potential in the development of drugs for treating neurological disorders due to its ability to interact with specific receptors in the brain. Additionally, it is explored in the field of oncology for designing molecules that inhibit cancer cell proliferation. Its application extends to agrochemical research, where it is investigated for its potential use in developing new pesticides or herbicides. The compound's versatility also makes it a subject of interest in material science for creating advanced organic materials with specific electronic or photophysical properties.