Used primarily as an intermediate in organic synthesis, especially in the production of conjugated polymers for organic electronics such as organic field-effect transistors (OFETs) and organic photovoltaics (OPVs). Its electron-deficient nature makes it valuable in constructing donor-acceptor type copolymers, enhancing charge transport properties and tuning the bandgap. Also employed in the development of fluorescent dyes and sensors due to its rigid aromatic structure and ability to participate in π-π stacking interactions. Additionally, it serves as a building block in pharmaceutical research for synthesizing bioactive heterocyclic compounds.