Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antimicrobial, antifungal, and anticancer properties. Its structure serves as a key building block in heterocyclic chemistry, enabling the construction of complex organic frameworks. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to form biaryl systems for drug discovery research. Also utilized in materials science for designing organic semiconductors and fluorescent probes due to its electron-transporting characteristics.