Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antiparasitic and antifungal agents. Its structure supports activity in medicinal chemistry by enabling interactions with biological targets through hydrogen bonding and aromatic stacking. Also employed in the preparation of functional materials, including corrosion inhibitors and UV stabilizers in polymers due to its ability to absorb ultraviolet light. Additionally, it serves as a ligand or building block in coordination chemistry for designing metal-organic frameworks with potential catalytic properties.