Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antipsychotic and antiemetic drugs. Its structure serves as a core scaffold in neuroleptic agents that modulate dopamine receptors in the central nervous system. Also employed in the production of dyes and photoconductive materials due to its conjugated ring system and electron-donating properties. Shows potential in organic electronics, including applications in OLEDs and as a component in charge-transport materials.