Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting kinase inhibition. It serves as a building block in the development of anticancer agents due to its ability to interact with enzyme systems involved in cell proliferation. Its thiol group allows for easy functionalization, enabling the creation of diverse derivatives for structure-activity relationship studies. Also explored in materials science for designing organic semiconductors owing to its conjugated aromatic system and sulfur-nitrogen heterocyclic core.