Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structural features allow for selective binding in biological systems, making it valuable in medicinal chemistry research. It is also employed in the preparation of fluorescent probes due to its rigid aromatic framework, which enhances photostability and emission properties. Additionally, this compound serves as a building block in the creation of agrochemicals, where it contributes to the design of bioactive molecules with improved environmental stability.