Used extensively in the synthesis of organic compounds, particularly in the development of fluorescent dyes and markers. Its structure is beneficial in creating materials that exhibit strong fluorescence under UV light, making it valuable in biological imaging and diagnostic applications. Additionally, it serves as a key intermediate in the production of certain pharmaceuticals, especially those targeting anti-inflammatory and antimicrobial properties. In material science, it contributes to the development of advanced polymers and coatings with enhanced durability and specific optical properties.