Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting bacterial and viral infections. Its derivatives are explored for their potential in developing new antibiotics and antiviral agents. Additionally, it is utilized in the creation of organic light-emitting diodes (OLEDs) due to its ability to form stable, luminescent compounds. In research, it acts as a building block for constructing complex molecules, aiding in the study of chemical reactions and material properties. Its role in agrochemicals is also notable, contributing to the development of pesticides and herbicides with improved efficacy.