Used as an intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting neurological disorders. Its structure is valuable in creating compounds with potential anti-inflammatory and analgesic properties. Additionally, it serves as a building block in organic chemistry research for designing novel heterocyclic compounds. In material science, it contributes to the development of organic electronic materials due to its conjugated system. Its derivatives are also explored for their potential use in agrochemicals, particularly in creating pesticides and herbicides.