Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors for cancer treatment. Its structure supports binding to enzyme active sites, enhancing selectivity and potency. Also employed in research for fluorescent probes due to its favorable photophysical properties, useful in bioimaging and molecular sensing. Additionally, it serves in the design of organic semiconductors for optoelectronic devices, leveraging its conjugated framework for improved charge transport.