Used primarily in organic synthesis, it serves as a key intermediate in the production of complex organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its bipyrrole structure is valuable in creating ligands for metal coordination chemistry, which is essential in catalysis and material science. Additionally, it is employed in the synthesis of conducting polymers and organic electronic materials due to its ability to facilitate electron transfer. In research, it is utilized to study heterocyclic compounds and their reactivity, aiding in the discovery of new chemical reactions and pathways.