Widely used in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It plays a crucial role in the development of drugs targeting neurological disorders, including anticonvulsants and anxiolytics. Additionally, it is utilized in the research and production of anti-inflammatory and anticancer agents due to its structural versatility and ability to interact with biological targets. In agrochemicals, it serves as a building block for creating pesticides and herbicides, contributing to crop protection and yield improvement. Its derivatives are also explored in material science for the development of organic semiconductors and fluorescent dyes.