Widely used in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and functional materials. Its structure supports the development of fluorescent dyes and optical brighteners due to strong emission properties under UV light. It is also employed in the synthesis of indole-based bioactive molecules, including potential anticancer and antimicrobial agents. In materials science, it acts as a building block for organic semiconductors and sensors, benefiting from its electron-rich aromatic framework. Additionally, it is utilized in coordination chemistry as a ligand precursor for metal complexes with catalytic activity.