Primarily utilized in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of drugs targeting neurological disorders, such as epilepsy and neurodegenerative diseases, due to its ability to enhance blood-brain barrier penetration. Additionally, it is employed in the development of agrochemicals, where it contributes to the formulation of herbicides and pesticides with improved efficacy and selectivity. In material science, it is explored for its potential in designing advanced organic electronic materials, including semiconductors and light-emitting diodes (OLEDs), owing to its unique electronic properties.