This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceutical compounds. It is particularly valuable in the development of drugs targeting central nervous system disorders, where its structure serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides that help protect crops from pests and diseases. Its unique structure also makes it suitable for use in material science, where it can be incorporated into the development of organic electronic materials, such as semiconductors and light-emitting diodes (LEDs). Researchers also explore its potential in the synthesis of dyes and pigments, leveraging its aromatic properties to achieve desired color characteristics.