This compound is primarily utilized in the field of organic synthesis and medicinal chemistry. It serves as a key intermediate in the development of novel pharmaceutical agents, particularly those targeting neurological and metabolic disorders. Its unique structure allows for the creation of compounds with potential therapeutic effects, making it valuable in drug discovery and optimization processes. Additionally, it is explored in the synthesis of advanced materials for optoelectronic applications due to its distinct electronic properties. Research also focuses on its potential as a building block for designing molecules with specific biological activities, such as enzyme inhibition or receptor modulation.