Used in organic synthesis as a building block for creating more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a precursor in the synthesis of carbazole-based compounds, which are known for their biological activities, including antimicrobial, anti-inflammatory, and anticancer properties. Additionally, it is employed in the production of organic light-emitting diodes (OLEDs) and other electronic materials due to its ability to enhance electron transport and light emission efficiency. Its role in the creation of dyes and pigments is also notable, contributing to the development of colorants for various industrial applications.