Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and anticancer agents. Its structure supports the formation of biologically active molecules by serving as a building block in heterocyclic chemistry. Commonly employed in medicinal chemistry for modifying drug candidates to improve solubility, bioavailability, or binding affinity. Also utilized in the preparation of agrochemicals and functional materials due to its stable aromatic core and reactive functional groups.