Used in organic synthesis as a versatile intermediate for the production of heterocyclic compounds. It plays a key role in the development of pharmaceuticals, particularly in the synthesis of bioactive molecules and drug candidates. Also employed in materials science for creating organic semiconductors and conductive polymers, which are essential in electronic devices. Its unique structure makes it valuable in the design of sensors and optoelectronic materials. Additionally, it serves as a building block in agrochemical research for developing novel pesticides and herbicides.