Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure supports the development of compounds with analgesic and antipyretic properties. Also employed in the preparation of organic semiconductors and optoelectronic materials due to its conjugated aromatic system. Serves as a building block in agrochemicals for creating herbicides and fungicides. Additionally, utilized in research and development of new photoinitiators for polymer chemistry.