It is primarily used in the field of organic synthesis, particularly in the development of complex organic compounds. Its structure makes it a valuable intermediate in the production of dyes and pigments, contributing to vibrant and stable colors in various industrial applications. Additionally, it plays a role in the synthesis of pharmaceuticals, where its unique framework is utilized to create active pharmaceutical ingredients with specific therapeutic properties. In material science, it is explored for its potential in creating advanced materials with specialized optical or electronic properties, such as organic semiconductors or light-emitting diodes (LEDs). Its applications are driven by its ability to act as a building block in the design of functional molecules.