This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those with potential antimicrobial and antifungal properties. Its structure allows it to act as a building block for more complex compounds, making it valuable in the design of new drugs. Additionally, it is studied for its role in creating materials with specific electronic properties, contributing to advancements in materials science. Its applications are largely focused on research and development rather than direct commercial use.