This compound is primarily utilized in the field of organic synthesis and material science. It serves as a key intermediate in the development of various heterocyclic compounds, which are essential in the production of pharmaceuticals and agrochemicals. Its structure is particularly valuable in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways, including anti-inflammatory and antimicrobial agents. Additionally, it is employed in the creation of organic electronic materials, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), due to its electron-rich aromatic system that enhances charge transport properties. Researchers also explore its potential in dye-sensitized solar cells (DSSCs) for improved efficiency in energy conversion.