Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of carbazole-based compounds, which exhibit significant biological activities, including antimicrobial, anti-inflammatory, and antitumor properties. Additionally, it is employed in the synthesis of organic light-emitting diodes (OLEDs) and other advanced materials due to its electron-transporting and luminescent characteristics. Its role in the creation of dyes and pigments further highlights its versatility in industrial applications.