This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds. It serves as a key building block in the development of pharmaceuticals, particularly in the synthesis of molecules with potential biological activities, such as antimicrobial or anti-inflammatory agents. Additionally, it is employed in the production of agrochemicals, where it contributes to the creation of compounds with herbicidal or pesticidal properties. Its unique structure allows for modifications that enhance the efficacy and selectivity of the final products. In material science, it is explored for its potential in the synthesis of organic electronic materials, such as light-emitting diodes (LEDs) or organic semiconductors, due to its electron-rich and stable aromatic system.