Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antimalarial, antimicrobial (including antibacterial and antifungal), and anticancer agents. Its structure supports derivatization for bioactive molecules, enabling inhibition of specific enzymes in cancer cells, making it valuable in medicinal chemistry research. Also employed in the preparation of dyes and fluorescent compounds due to its aromatic and heterocyclic nature. Shows potential in coordination chemistry as a ligand for transition metal complexes with catalytic or biological activity.