Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various thioxanthene derivatives. Its applications extend to the development of dyes and pigments, where it contributes to the creation of colorants with specific properties. Additionally, it is utilized in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) that target specific therapeutic areas. The compound's unique structure also makes it valuable in material science, particularly in the design of organic semiconductors and photoconductive materials.