Used primarily in the pharmaceutical industry, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is integral in developing drugs with anti-inflammatory, analgesic, and antipyretic properties. Additionally, it finds application in agrochemical research for creating pesticides and herbicides. In material science, it contributes to the development of organic electronic materials due to its stable heterocyclic framework. Its versatility also extends to being a building block in organic synthesis for creating complex molecules in research and industrial settings.