Used primarily in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various heterocyclic compounds, which are essential in creating drugs with therapeutic properties. Additionally, it is utilized in material science for the development of conductive polymers and organic electronic materials, contributing to advancements in flexible electronics and sensors. Its unique structure allows it to act as a ligand in coordination chemistry, facilitating the creation of complex metal-organic frameworks with potential applications in catalysis and gas storage.