Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form stable heterocyclic structures that interact with biological targets. Commonly employed in research settings for designing new active pharmaceutical ingredients (APIs) with potential anti-inflammatory and antitumor activities. Also utilized in the preparation of dyes and functional materials in organic electronics due to its electron-donating properties and structural stability.