Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of kinase inhibitors and anticancer agents. Its structure supports conjugation with various functional groups, making it valuable in medicinal chemistry for designing drug candidates. Also employed in the preparation of fluorescent probes due to the presence of the benzotriazole moiety, which can participate in intramolecular charge transfer processes. Shows potential in agrochemical research for developing new herbicides and plant growth regulators.