Used in organic synthesis as a key intermediate for the development of various heterocyclic compounds. It plays a significant role in the creation of biologically active molecules, particularly in the pharmaceutical industry, where it is utilized for designing potential drug candidates. Its structure is valuable in medicinal chemistry for synthesizing compounds with potential antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it serves as a building block in research focused on developing new materials or chemical sensors due to its unique electronic and structural properties.