Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form hydrogen bonds and engage in π-π stacking interactions, enhancing binding affinity to biological targets. Also employed in agrochemicals for designing novel pesticides and herbicides owing to its structural stability and reactivity. Its derivatives are explored in materials science for creating luminescent complexes and sensors.