Used primarily as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its aromatic and heterocyclic structure makes it suitable for constructing complex molecules with biological activity. It is also employed in the research and development of functional materials, including organic semiconductors and liquid crystals, due to its ability to influence electronic properties and molecular packing. Additionally, derivatives of this compound may be explored in medicinal chemistry for potential bioactive properties, such as receptor modulation or enzyme inhibition.