Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for effective binding to enzyme active sites, making it valuable in medicinal chemistry. Also employed in the creation of agrochemicals due to its ability to enhance bioactivity in crop protection agents. Additionally, it serves as a building block in the preparation of functional materials, including organic semiconductors and optoelectronic devices, owing to its electron-rich aromatic system and sulfur functionality.