Used as an intermediate in the synthesis of various pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It plays a role in the production of drugs targeting neurological disorders due to its structural properties that can interact with biological systems. Additionally, it is utilized in organic chemistry research for creating novel heterocyclic compounds, which are valuable in medicinal chemistry and drug discovery. Its applications also extend to the development of dyes and pigments, where its chemical structure contributes to color formation and stability.