Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of compounds with potential therapeutic effects, such as inhibitors for specific enzymes or receptors. Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of pesticides or herbicides. Its structure allows for further functionalization, making it a versatile building block in medicinal chemistry and material science. Researchers also explore its use in designing fluorescent probes or dyes due to its aromatic and heterocyclic properties.