Used in pharmaceutical research as a potential therapeutic agent due to its structural properties, which may interact with biological targets. It is studied for its role in developing treatments for diseases involving inflammation or cancer, as it can modulate specific enzymes or receptors. Additionally, it serves as a key intermediate in organic synthesis for creating more complex molecules with potential medicinal applications. Its unique aromatic structure makes it suitable for use in material science, particularly in the development of organic semiconductors or luminescent materials.