Used in organic synthesis to create complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential therapeutic properties, such as anti-inflammatory or anti-cancer agents. Additionally, it is employed in material science for the design of organic electronic materials, including semiconductors and light-emitting diodes (LEDs), due to its conjugated structure. Its derivatives are also explored in the synthesis of dyes and pigments for industrial applications.