Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with anti-inflammatory and antimicrobial properties. Its aldehyde functional group allows for easy modification, enabling the formation of Schiff bases, hydrazones, and other derivatives important in medicinal chemistry. Also employed in the preparation of fluorescent dyes and optical materials due to its conjugated aromatic structure. Commonly utilized in research settings for building complex heterocyclic systems in drug discovery programs.