This chemical is primarily used in the synthesis of organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key intermediate in creating complex molecules due to its unique structure, which allows for versatile chemical reactions. Additionally, it is employed in the development of organic electronic materials, such as conductive polymers and semiconductors, which are essential in the manufacturing of electronic devices like sensors and solar cells. Its application in material science also extends to the creation of advanced coatings and adhesives, where its properties enhance performance and durability.