Used in peptide synthesis to enhance the fluorescence properties of peptides, making it valuable in biochemical research for tracking and studying peptide interactions. It is also employed in the development of fluorescent probes and sensors, aiding in the detection of specific biological molecules. Additionally, it serves as a building block in the creation of novel peptide-based drugs, particularly those requiring fluorescent labeling for diagnostic or therapeutic purposes. Its unique structure allows for improved stability and specificity in peptide-based applications.