Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of molecules targeting neurological disorders, such as depression and anxiety, due to its ability to interact with specific receptors in the brain. Additionally, it finds application in the production of agrochemicals, where it contributes to the development of pesticides and herbicides. Its versatility also extends to material science, where it is utilized in the synthesis of organic semiconductors and conductive polymers, enhancing the performance of electronic devices.