Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in the preparation of ligands for metal-catalyzed reactions, especially in palladium-catalyzed cross-coupling processes. Also employed in the design of functional materials, including sensors and optoelectronic devices, due to its ability to coordinate with metals and participate in electron-transfer processes. Its structural motif appears in compounds studied for antimicrobial and anti-inflammatory activities.