This chemical is primarily utilized in organic synthesis as a building block for the creation of more complex molecules. It is often employed in the development of organic semiconductors and photoconductive materials, which are essential components in electronic devices like OLEDs and solar cells. Additionally, it serves as an intermediate in the synthesis of pharmaceuticals, particularly in the preparation of compounds with potential therapeutic properties. Its unique structure allows it to participate in various coupling reactions, making it valuable in the production of advanced materials and specialty chemicals.