Widely used in organic synthesis as a building block for creating complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows it to act as a key intermediate in the formation of compounds with potential biological activity. Additionally, it is employed in material science for the design of organic electronic materials, such as semiconductors and light-emitting diodes (LEDs), due to its conjugated system that facilitates electron transport. Its versatility also extends to catalysis research, where it serves as a ligand in transition metal complexes to enhance reaction efficiency and selectivity.