Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of antiviral and anticancer compounds. Its heterocyclic structure enhances binding affinity to specific biological targets, making it valuable in medicinal chemistry for designing potent inhibitors, such as those targeting enzymes involved in inflammation or cancer cell growth. Also employed in research settings to explore new therapeutic molecules due to its stability and reactivity in various coupling reactions. Additionally, it is studied for applications in fluorescent substances and organic electronic materials owing to its planar structure that enables good electrical conductivity under certain conditions.