Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex molecules. Commonly employed in the development of fluorescent dyes and optical brighteners due to the naphthalene moiety, which contributes to light absorption and emission properties. Also utilized in research settings for synthesizing ketone and ester derivatives through nucleophilic addition or condensation reactions. Shows potential in materials science for designing organic semiconductors and luminescent materials.