Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs), neurological drugs, and other bioactive molecules. Its functional groups, including amino and cyano groups, enable further chemical modifications, making it valuable in building complex heterocyclic compounds. Also employed in the development of dyes, agrochemicals, luminescent materials, and organic electronics for display devices due to its reactivity and structural properties that allow tuning of electronic properties.