Used in pharmaceutical research as a key intermediate in the synthesis of kinase inhibitors, particularly in the development of anticancer agents. Its structure allows for effective binding to enzyme active sites, making it valuable in designing targeted therapies. Also employed in the preparation of organic semiconductors due to its conjugated aromatic system, enhancing electron transport properties in electronic materials. Additionally, it serves as a building block in the synthesis of metal-organic frameworks (MOFs) for catalytic and sensing applications.