Used in pharmaceutical synthesis as an intermediate for developing bioactive compounds, particularly in the production of antimalarial and anticancer agents. Its structure supports the creation of kinase inhibitors and other targeted therapies. Also employed in materials science for designing organic semiconductors and fluorescent probes due to its electron-deficient aromatic system. Commonly utilized in cross-coupling reactions like Suzuki and Buchwald-Hartwig to build complex heterocyclic systems for drug discovery and functional materials.