Used in the synthesis of pharmaceuticals and agrochemicals due to its reactive aldehyde group and fused aromatic structure. It serves as an intermediate in the preparation of bioactive molecules, including potential antifungal, anti-inflammatory, and anticancer agents. Its structure is also utilized in the development of organic semiconductors and fluorescent dyes, where extended conjugation enhances electronic properties. Commonly employed in research settings for constructing complex heterocyclic systems through condensation, cyclization, and cross-coupling reactions.