This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for the development of compounds with potential biological activity, particularly in the design of drugs targeting inflammation and pain. Additionally, it is explored in the creation of dyes and pigments, leveraging its aromatic and heterocyclic properties to produce stable and vibrant colors. Researchers also investigate its potential in material science, particularly in the synthesis of polymers and coatings with specialized properties.