Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of kinase inhibitors and antitumor agents. Its rigid heterocyclic framework enhances binding selectivity to specific enzyme targets, making it valuable in designing drugs for cancer therapy. Also explored in agrochemicals for creating novel pesticides due to its stability and reactivity. Shows potential in materials science for organic semiconductors owing to extended π-conjugation and electron-accepting properties.