This compound is primarily utilized in the field of medicinal chemistry due to its unique structural properties. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, including potential treatments for cancer, inflammatory disorders, neurological conditions, and infectious diseases. Researchers have explored its potential in developing inhibitors for specific enzymes and receptors involved in disease mechanisms, as well as its role in modulating biological pathways related to cell signaling and proliferation. Additionally, the compound's versatility and electronic properties make it a candidate for use in organic light-emitting diodes (OLEDs) and other materials science applications for advanced technologies.