Used in organic synthesis as an intermediate for pharmaceuticals and functional materials. Acts as a ligand in catalytic reactions, particularly in transition metal complexes for cross-coupling processes. Investigated for its potential in developing fluorescent probes due to its electron-rich aromatic structure. Also explored in the design of bioactive compounds with antimicrobial, antiviral, and anti-inflammatory properties, including enzyme inhibition for chronic diseases. Shows promise in materials science for optoelectronic applications, including organic light-emitting diodes (OLEDs).