Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting anti-inflammatory and antimicrobial properties. Its role in organic synthesis is crucial for developing compounds with potential therapeutic effects. Additionally, it finds application in agrochemical research for creating pesticides and herbicides, contributing to crop protection strategies. In material science, it is utilized in the development of organic electronic materials, enhancing the performance of devices like OLEDs. Its versatility in chemical reactions makes it valuable in academic and industrial research for exploring new chemical pathways and innovations.