Primarily utilized in the synthesis of various pharmaceutical compounds, particularly those with antimalarial properties. It serves as a key intermediate in the production of drugs targeting parasitic infections. Additionally, it is employed in organic chemistry research for developing novel heterocyclic compounds, which have potential applications in medicinal chemistry. Its derivatives are also explored for their potential use in treating other diseases due to their bioactive properties. In material science, it contributes to the creation of advanced materials with specific electronic or optical characteristics.