Used in the synthesis of pharmaceutical intermediates, particularly in the development of antitumor and antimicrobial agents. Its structure supports derivatization for targeted drug design, especially in kinase inhibitors and other bioactive molecules. Also employed in research settings for building complex heterocyclic systems due to the presence of multiple functional groups that allow selective reactions. Shows potential in the preparation of UV-absorbing compounds for use in sunscreens and stabilizers in cosmetic formulations.