Used as an intermediate in the synthesis of fluorescent dyes and optical brighteners due to its ability to form stable conjugated systems. Employed in the development of organic semiconductors and luminescent materials for OLEDs. Acts as a building block in pharmaceuticals, particularly in compounds targeting neurological disorders and inflammation. Its bromine functionality allows for cross-coupling reactions in medicinal chemistry and agrochemical research. Also utilized in the preparation of sensors for metal ion detection owing to its chelating and signaling properties.