This chemical is primarily used in organic synthesis as a key intermediate for the production of more complex molecules. It is particularly valuable in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of organic electronic materials, such as those used in organic light-emitting diodes (OLEDs) and photovoltaic cells, due to its conjugated structure. Its unique properties also make it useful in research and development for creating novel compounds with potential applications in materials science and medicinal chemistry.