Primarily utilized in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of quinoxaline derivatives, which are known for their biological activities, including antimicrobial, antifungal, and anticancer properties. Researchers often employ it in the synthesis of complex molecules for drug discovery, leveraging its reactive sites for further functionalization. Additionally, it finds use in the preparation of dyes and pigments due to its ability to form stable, colored compounds. Its role in material science is also notable, where it contributes to the creation of advanced materials with specific electronic or optical properties.