Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders and inflammation. It is also employed in the production of organic light-emitting diodes (OLEDs) due to its fluorescence properties. Additionally, this compound serves as a building block in the creation of agrochemicals, including herbicides and fungicides, enhancing crop protection. Its application extends to research laboratories for studying chemical reactions and developing new materials with specific electronic or optical characteristics.