Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. It also serves as a building block in the preparation of biologically active heterocyclic compounds, including those with potential anti-inflammatory and neuroprotective properties. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for drug discovery and optimization. Additionally, it finds use in the design of organic semiconductors due to its electron-donating aromatic core.