Used in pharmaceutical research as an intermediate for synthesizing bioactive compounds, particularly in the development of central nervous system agents. Shows potential in the design of serotonin receptor modulators due to structural similarity to known neuroactive molecules. Also employed in agrochemical research for developing new fungicides and plant growth regulators. Its aromatic and heterocyclic framework makes it valuable in materials science for constructing organic semiconductors and fluorescent dyes. Commonly used in medicinal chemistry for scaffold modification to enhance metabolic stability and binding affinity.