Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of quinoxaline derivatives, which exhibit potential in treating diseases due to their antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it plays a role in the creation of organic electronic materials, contributing to advancements in optoelectronics and semiconductor technologies. Its versatility makes it a crucial component in both medicinal chemistry and material science applications.