Used extensively as a fluorescent probe in biochemical research, it helps in studying enzyme activities and detecting biomolecules due to its strong fluorescence under UV light. It is also employed in the development of fluorescent dyes and markers for cellular imaging, aiding in the visualization of biological processes. Additionally, it serves as a key intermediate in the synthesis of various organic compounds, including pharmaceuticals and agrochemicals. Its application extends to analytical chemistry, where it is utilized as a standard in fluorescence spectroscopy for calibration and quantitative analysis.