Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. It is also employed in the creation of organic electronic materials, such as those used in light-emitting diodes (LEDs) and photovoltaic cells, due to its ability to enhance charge transport properties. Additionally, it finds application in the synthesis of dyes and pigments, contributing to vibrant and stable colorants for various industrial uses. Its versatility in forming complex structures makes it valuable in advanced material science and chemical research.