Used in organic synthesis, particularly as a building block for creating more complex chemical structures. It serves as a key intermediate in the production of pharmaceuticals, especially in the development of drugs with potential antimicrobial and anticancer properties. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its unique structure allows it to act as a ligand in coordination chemistry, facilitating the study of metal complexes. In material science, it is utilized in the development of organic electronic materials, such as light-emitting diodes (LEDs) and sensors.