This chemical is primarily utilized in the field of organic synthesis as a key intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, where it serves as a building block for the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds application in the creation of organic light-emitting diodes (OLEDs), contributing to the development of advanced display technologies. Its structure is also valuable in the study of photochemical reactions, aiding researchers in understanding and optimizing processes related to light-induced chemical changes. Furthermore, it is used in the formulation of specialty chemicals and dyes, enhancing their performance and stability in various industrial applications.