Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with potential antifungal and anti-inflammatory properties. Its nitrile and pyrrole functionalities make it valuable in constructing complex heterocyclic systems through cross-coupling reactions or cycloadditions. Also employed in materials science for designing organic semiconductors and fluorescent dyes due to its electron-rich structure and ability to form stable conjugated systems.