Used in the synthesis of pharmaceuticals and agrochemicals due to its reactive aldehyde group and heterocyclic structure. It serves as an intermediate in the preparation of bioactive molecules, including antifungal and antibacterial agents. Its scaffold is also explored in the development of fluorescent probes and organic semiconductors because of its electron-accepting and photophysical properties. Commonly employed in medicinal chemistry for structure-activity relationship studies involving heterocyclic compounds.