Used in organic synthesis as a building block for more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its structure is valuable in creating compounds with potential biological activity, such as anti-inflammatory or antimicrobial agents. Also employed in material science for the design of organic electronic materials, including conductive polymers and light-emitting diodes (LEDs), due to its aromatic and heterocyclic properties. Additionally, it serves as a precursor in the synthesis of dyes and pigments for industrial applications.