Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules with potential antihypertensive and anti-inflammatory properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for constructing heterocyclic compounds. It is also employed in agrochemical research to design new pesticides and herbicides due to its ability to enhance molecular stability and reactivity. Additionally, it serves as a building block in the preparation of fluorescent dyes and organic electronic materials.