Used as an intermediate in the synthesis of heterocyclic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows for the formation of nitrogen-containing rings, making it valuable in creating bioactive molecules. Commonly employed in the production of thiophene and pyridine derivatives, which exhibit antimicrobial, antifungal, and insecticidal properties. Also utilized in dye synthesis and in materials science for developing organic semiconductors due to its electron-accepting characteristics.