This compound finds its application primarily in the field of organic synthesis, where it serves as a versatile intermediate. It is used in the preparation of various pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. Its structure allows for further functionalization, making it valuable in the creation of complex molecules. Additionally, it is employed in research settings for studying reaction mechanisms and developing new synthetic methodologies. The compound’s unique properties also make it useful in material science, particularly in the design of organic electronic materials.