This chemical is primarily utilized in the field of medicinal chemistry, where it serves as a core structure for the development of various biologically active compounds. Its unique heterocyclic framework makes it a valuable scaffold in the synthesis of potential therapeutic agents, particularly in the design of molecules targeting neurological disorders and anticancer activities. Researchers have explored its derivatives for their potential as inhibitors of specific enzymes or receptors involved in diseases such as Alzheimer's, Parkinson's, and various cancers. Additionally, it has been investigated for its role in modulating neurotransmitter activity, making it a candidate for the development of novel psychotropic drugs. In material science, its structure has been studied for applications in organic electronics, where it could contribute to the development of light-emitting diodes (LEDs) or organic semiconductors due to its conjugated system and stability.