This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of advanced materials and pharmaceuticals. It serves as a key intermediate in the production of organic semiconductors, which are essential for manufacturing electronic devices like organic light-emitting diodes (OLEDs) and solar cells. Additionally, it is employed in the creation of bioactive molecules, contributing to the development of potential drug candidates for various therapeutic applications. Its structure allows for versatile chemical modifications, making it valuable in research and industrial processes aimed at creating innovative materials and medicinal compounds.