This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can be incorporated into molecules designed to interact with specific neural receptors. Additionally, it finds application in the production of agrochemicals, where it serves as a building block for creating compounds that exhibit pesticidal or herbicidal properties. In material science, it is employed in the synthesis of specialty polymers and coatings, contributing to the development of materials with enhanced durability and performance characteristics. Its versatility in organic synthesis also makes it a valuable reagent in research laboratories for exploring novel chemical reactions and pathways. Emerging research explores its potential in semiconductor and electronics materials due to electrical properties and structural tunability.