This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its unique structure allows it to participate in the creation of compounds that exhibit biological activity, making it valuable in drug discovery and development processes. Additionally, it is employed in the synthesis of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), due to its ability to modify electronic properties. Its application extends to research settings, where it is used to study reaction mechanisms and develop new synthetic methodologies.