Used in organic synthesis as a building block for creating more complex molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of compounds with potential biological activity, such as antifungal, antibacterial, or anticancer agents. Its structure is often modified to enhance drug efficacy or target specific pathways. Additionally, it can be employed in material science for designing organic electronic materials or polymers with specialized properties. Its versatility makes it valuable in both medicinal chemistry and advanced material applications.