Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of compounds with biological activity such as antifungal, antibacterial, and anticancer agents. Its structure serves as a building block in heterocyclic chemistry, enabling the construction of complex molecules through cross-coupling reactions like Suzuki or Heck reactions. Also employed in materials science for designing organic semiconductors and fluorescent dyes due to its electron-rich aromatic framework. Commonly utilized in research settings for the preparation of ligands in catalysis and in the development of metal-organic frameworks (MOFs).