This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure makes it particularly valuable in the development of drugs that target specific biological pathways, such as enzyme inhibitors or receptor modulators. Additionally, it is employed in the creation of advanced materials, including organic semiconductors and photoluminescent compounds, due to its ability to influence electronic properties. Researchers also explore its potential in designing novel bioactive molecules for therapeutic applications, leveraging its unique chemical framework.