Used in the synthesis of pharmaceuticals, particularly as an intermediate in developing anti-inflammatory, antimicrobial, and anticancer agents. Its structure supports the design of bioactive molecules due to its stability and ability to interact with biological targets. Also employed in agrochemicals for crop protection, enhancing the efficacy of certain pesticides. Additionally, it serves as a building block in materials science, contributing to the development of fluorescent dyes, optical brighteners used in textiles and paper industries, and chemical sensors sensitive to environmental changes.