Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing drugs targeting infections, cancers, and inflammatory diseases. Additionally, it plays a role in creating antifungal and antiviral agents. In material science, it contributes to the development of organic electronic materials due to its stable heterocyclic framework. Its derivatives are also explored for their potential in corrosion inhibition, particularly in industrial applications.