Used as a key intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure supports the construction of nitrogen- and oxygen-containing heterocyclic compounds, which are common motifs in bioactive molecules. It also serves in materials science, contributing to the design of conductive polymers and organic semiconductors due to its electron-deficient nature and ability to participate in charge-transfer complexes. Additionally, it is explored in dye synthesis and photovoltaic applications for its role in enhancing light absorption and electron transport properties.