Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Serves as a building block in the preparation of bioactive quinoline derivatives. Employed in cross-coupling reactions, such as Suzuki and Heck reactions, to form carbon-carbon bonds for developing complex heterocyclic compounds. Applied in research for synthesizing potential antimalarial and anticancer agents. Also utilized in the development of fluorescent probes and materials for optoelectronic applications due to its conjugated structure.