Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anxiolytic agents. Its structure enables functionalization at multiple sites, making it valuable in medicinal chemistry for creating biologically active compounds. It is also employed in agrochemical research for designing novel pesticides and herbicides due to its favorable reactivity and stability. Additionally, it serves as a building block in the preparation of fluorescent dyes and optoelectronic materials, where its heterocyclic core contributes to electronic properties useful in organic semiconductors.