Used in the synthesis of pharmaceuticals and agrochemicals due to its reactive aldehyde group and heterocyclic structure. It serves as an intermediate in the preparation of bioactive molecules, including antifungal, antibacterial, and anti-inflammatory agents. Its scaffold is also explored in the development of fluorescent probes and sensors because of its favorable photophysical properties. Commonly employed in medicinal chemistry for structure-activity relationship studies involving heterocyclic compounds.