Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds with potential neuroprotective and anti-inflammatory properties. It serves as a building block in the creation of more complex molecules for drug discovery, especially in central nervous system (CNS) targeting agents. Its structure supports the design of serotonin receptor modulators and other bioactive compounds. Also explored in the preparation of organic semiconductors and optoelectronic materials due to its fused aromatic framework.