Used in pharmaceutical research as a key intermediate for the synthesis of biologically active compounds, particularly in the development of potential anticancer and antimicrobial agents. Its structure is valuable in medicinal chemistry for designing molecules that target specific enzymes or receptors. Also employed in material science for creating organic electronic materials due to its electron-deficient heterocyclic system, which can enhance charge transport properties in organic semiconductors. Additionally, it serves as a building block in organic synthesis for constructing complex heterocyclic frameworks.