This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of various heterocyclic compounds. Its unique structure makes it valuable in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) with potential therapeutic properties. Additionally, it serves as a key building block in the creation of organic materials, such as conjugated polymers, which are essential in the field of organic electronics, including organic light-emitting diodes (OLEDs) and organic photovoltaics. Its application extends to agrochemical research, where it is used to develop novel compounds for crop protection and pest control.