Used in organic electronics as a key intermediate in the synthesis of fluorescent materials and OLEDs due to its stable aromatic structure and electron-transport properties. Commonly employed in the development of blue-emitting diodes and as a ligand in metal-organic complexes for optoelectronic devices. Also finds use in pharmaceutical research for designing compounds with biological activity, particularly in antiparasitic and antifungal agents. Its rigid backbone enhances binding selectivity and metabolic stability in drug candidates.