Used in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It serves as a key intermediate in producing compounds with potential antidepressant and antipsychotic properties. Additionally, it is utilized in the manufacture of dyes and pigments, contributing to vibrant and stable colorants for textiles and industrial applications. Its role in organic synthesis also extends to creating agrochemicals, aiding in the development of pesticides and herbicides. The compound’s unique structure makes it valuable in research for designing novel materials with specific optical or electronic properties.