Used in the pharmaceutical industry as a key intermediate in the synthesis of anticoagulant drugs. Its structural properties make it valuable in developing compounds that prevent blood clotting. In the field of organic electronics, it serves as a building block for creating light-emitting materials, particularly in OLEDs (Organic Light-Emitting Diodes), due to its fluorescent characteristics. It is also employed in research for studying enzyme inhibition, particularly in understanding the mechanisms of certain enzymes involved in metabolic pathways. Additionally, it finds application in the development of fluorescent probes for bioimaging, aiding in the visualization of cellular processes.