Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs with central nervous system activity. It serves as a building block in the production of certain antipsychotic and antidepressant agents. Also employed in the preparation of agrochemicals, including herbicides and fungicides, due to its ability to enhance bioactivity. Its structure is valuable in materials science for designing organic semiconductors and fluorescent dyes. Commonly utilized in research for constructing more complex heterocyclic compounds through cross-coupling and nucleophilic substitution reactions.