Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals. It serves as a building block in the production of certain herbicides and fungicides due to its stable aromatic structure and reactivity in cross-coupling reactions. Its derivatives are also explored in the development of organic light-emitting diodes (OLEDs) as part of electron-transport materials. Additionally, it finds use in research laboratories for designing ligands in catalytic systems, especially in transition metal catalysis.