Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antifungal and antiviral agents. It also finds application in the development of organic light-emitting diodes (OLEDs) due to its electron-transporting properties. Additionally, it is utilized in the preparation of coordination complexes for catalytic processes and in the manufacture of dyes and pigments. Its role in corrosion inhibition for metals, especially in industrial settings, is another significant application.