This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various biologically active compounds. Its structure, featuring both a pyridine and a coumarin moiety, makes it valuable in the development of fluorescent dyes and probes. These dyes are often employed in biochemical and cellular imaging studies due to their ability to emit strong fluorescence, aiding in the visualization of biological processes.

Additionally, it finds application in medicinal chemistry, where it is used to design and synthesize potential therapeutic agents. Its unique structure allows it to interact with specific biological targets, making it a candidate for the development of drugs targeting diseases such as cancer and inflammation. Researchers also explore its use in the creation of novel materials with specific optical properties, which can be applied in sensors and optoelectronic devices.