Used in organic electronics as a building block for semiconductor materials, particularly in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its aromatic structure and electron-rich nature make it suitable for enhancing charge transport properties in conjugated polymers and small molecules. Also employed in the synthesis of dyes and fluorescent probes due to its ability to undergo functionalization at multiple sites. Additionally, derivatives are explored in pharmaceutical research for potential antitumor and antimicrobial activities.