Used primarily as an intermediate in organic synthesis, especially in the development of pharmaceuticals and fine chemicals. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex heterocyclic systems. It is also employed in materials science, particularly in the synthesis of conjugated organic molecules for use in electronic devices such as organic field-effect transistors (OFETs) and organic light-emitting diodes (OLEDs). The compound’s aromatic and sulfur-containing framework contributes to electron-transport properties, enhancing performance in optoelectronic applications. Additionally, derivatives of this compound show potential in medicinal chemistry due to their biological activity, including anti-inflammatory and neuroprotective effects.