Used as a key intermediate in the synthesis of fluorescent dyes and optical brighteners due to its ability to enhance light emission in various materials. Commonly applied in the development of sensors for metal ions, especially in environmental monitoring, where it selectively detects heavy metals like copper and mercury. Also utilized in pharmaceutical research for designing bioactive molecules, including anti-inflammatory and antimicrobial agents, owing to its favorable interaction with biological targets. Its derivatives are found in agrochemicals, contributing to the formulation of pesticides with improved stability and efficacy. Additionally, incorporated into organic semiconductors for optoelectronic devices, leveraging its electron-transport properties.