Used in pharmaceutical research as an intermediate for synthesizing bioactive compounds, particularly in the development of antiparasitic and antimicrobial agents. Shows potential in the design of receptor antagonists due to its ability to interact with biological targets through hydrogen bonding and aromatic stacking. Also employed in the study of fluorescent probes for cellular imaging because of its favorable photophysical properties. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies involving heterocyclic compounds.