Used in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of molecules with potential biological activity, such as antimicrobial and anti-inflammatory agents. Additionally, it is employed in material science for the creation of organic electronic materials, including organic light-emitting diodes (OLEDs) and semiconductors. Its role in research and development is significant for advancing drug discovery and innovative material technologies.