Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate. It is particularly valuable in the development of herbicides and fungicides, where its structure helps in targeting specific pests and diseases. Additionally, it plays a role in the creation of advanced materials, including polymers and coatings, due to its ability to impart unique properties such as resistance to degradation and enhanced durability. In research, it is utilized to study chemical reactions and mechanisms, aiding in the discovery of new compounds and processes. Its applications also extend to the field of organic electronics, where it contributes to the development of components for devices like sensors and light-emitting diodes.