Used as an intermediate in organic synthesis for the production of pharmaceuticals and agrochemicals. It is particularly valuable in the development of compounds with potential anti-inflammatory and antimicrobial properties. Its structure allows it to act as a building block for more complex molecules, especially in the synthesis of heterocyclic compounds. Additionally, it is employed in materials science for the creation of conjugated polymers, which are utilized in electronic devices such as organic light-emitting diodes (OLEDs) and sensors. Its versatility in chemical reactions makes it a key component in research and industrial applications.