Used as an intermediate in the synthesis of pharmaceuticals and bioactive compounds, particularly in the development of serotonin receptor ligands and other central nervous system agents. Its structure supports use in cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex organic molecules for drug discovery. Also employed in the preparation of fluorescent dyes and optoelectronic materials due to its aromatic and electron-rich framework. Commonly found in research settings for designing novel compounds with potential antitumor, antimicrobial, or anti-inflammatory properties.