Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to interact with biological targets through π-π stacking and hydrophobic interactions. Also employed in the preparation of organic semiconductors and optoelectronic materials owing to its conjugated aromatic structure and thermal stability. Its derivatives are explored in research for anti-inflammatory and antimicrobial agents.