Used primarily in the synthesis of pharmaceuticals and organic compounds, it serves as a key intermediate in the production of various heterocyclic compounds. Its structure is particularly valuable in the development of materials for electronic applications, such as organic semiconductors and light-emitting diodes (LEDs). Additionally, it finds utility in the creation of dyes and pigments due to its ability to form stable, colored complexes. In agrochemical research, it is employed to develop novel pesticides and herbicides, leveraging its reactivity to create effective crop protection agents.