This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of heterocyclic structures. It serves as a key intermediate in the production of various pharmaceuticals, where its unique structure contributes to the creation of biologically active molecules. Additionally, it is employed in the field of material science for the design of organic semiconductors and conductive polymers, enhancing their electronic properties. Its application extends to the synthesis of dyes and pigments, where it aids in achieving specific color characteristics and stability.