Used in research as a building block for synthesizing biologically active compounds, particularly in the development of potential pharmaceutical agents. Its fused heterocyclic structure makes it valuable in medicinal chemistry for exploring new drug candidates, especially in studies related to anticancer, antimicrobial, and anti-inflammatory activities. Also employed in the design of organic semiconductors and optoelectronic materials due to its extended π-conjugated system, which supports electron delocalization and charge transport in organic electronic devices.