Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of compounds with biological activity. Its structure contains multiple functional groups that allow for further chemical modifications, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in the preparation of heterocyclic compounds and as a building block in the design of new drug candidates. Also utilized in research settings for the development of dyes and fluorescent probes due to its aromatic and electron-withdrawing properties.