Used in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It serves as a key intermediate in the production of drugs targeting neurological disorders, such as Alzheimer's disease, due to its ability to interact with specific enzymes and receptors in the brain. Additionally, it is employed in the creation of organic materials for optoelectronic devices, where its structural properties contribute to the efficiency of light-emitting diodes (LEDs) and organic photovoltaics. Its derivatives are also explored in agrochemical research for developing new pesticides and herbicides.