This chemical is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Additionally, it is employed in the creation of agrochemicals, aiding in the development of pesticides and herbicides. Its structure allows for further functionalization, making it valuable in the design of materials with specific electronic or optical properties, such as organic semiconductors or light-emitting diodes (LEDs). Researchers also explore its use in the synthesis of dyes and pigments due to its aromatic and heterocyclic nature.