Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of selective kinase inhibitors. Its structure enables functionalization at multiple sites, making it valuable in medicinal chemistry for constructing bioactive molecules. It is also employed in agrochemical research for designing novel herbicides and plant growth regulators due to its stability and reactivity in cross-coupling reactions. Additionally, it serves as a building block in the preparation of fluorescent probes and optoelectronic materials, leveraging its electron-deficient aromatic core for use in organic electronics.