Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for the creation of complex molecules, particularly in the development of active ingredients for drugs targeting neurological disorders and anti-inflammatory conditions. Additionally, it finds application in material science, where it contributes to the synthesis of advanced polymers and conductive materials, enhancing properties like thermal stability and electrical conductivity. Its versatility also extends to research applications, where it is utilized in the study of heterocyclic compounds and their reactivity.