This chemical is primarily utilized in the pharmaceutical and agrochemical industries. In pharmaceuticals, it serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and anti-inflammatory disorders. Its structural properties make it suitable for developing molecules with potential therapeutic effects. In agrochemicals, it is employed in the creation of pesticides and fungicides, where its unique chemical structure helps in effectively combating crop diseases and pests. Additionally, it is explored in research for its potential applications in material science, particularly in the development of organic semiconductors and advanced polymers.