This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of more complex chemical structures. Its unique structure allows it to be a precursor in the synthesis of various pharmacologically active molecules, particularly in the creation of compounds with potential therapeutic applications. Researchers often employ it in the design and synthesis of new drugs, especially those targeting specific biological pathways or receptors. Additionally, it is used in material science for the development of advanced materials with specialized properties, such as organic semiconductors or light-emitting diodes (LEDs). Its versatility in chemical reactions makes it a valuable tool in both academic and industrial research settings.