Used in organic synthesis as a versatile intermediate for the production of various heterocyclic compounds. It plays a role in the development of pharmaceuticals, particularly in the synthesis of bioactive molecules with potential therapeutic properties. Additionally, it is utilized in the creation of fluorescent dyes and pigments, contributing to applications in imaging and material science. Its structure is also explored in the design of organic electronic materials, such as semiconductors and light-emitting diodes (LEDs), due to its electron-rich properties.