Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules. Its structure supports the creation of compounds with antifungal, antibacterial, and anticancer properties. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to build complex heterocyclic systems. Also utilized in the preparation of fluorescent dyes and optoelectronic materials due to its electron-accepting characteristics and stability in conjugated systems.