Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antimicrobial and antitumor properties. Its structure supports functionalization at multiple sites, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to construct C–C bonds in drug-like molecules. Also utilized in the preparation of pyrrole-based dyes and functional materials due to its electron-rich aromatic core and ease of substitution.