Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and anticancer agents. Its structure supports the creation of complex heterocyclic compounds that exhibit biological activity. It is also employed in agrochemical research for designing new pesticides due to the stability and reactivity of its aromatic and heterocyclic framework. Additionally, it serves as a building block in materials science for developing organic semiconductors and optoelectronic materials, leveraging its conjugated system for electron transport properties.