Used as a fluorescent probe in biochemical and medicinal research due to its strong fluorescence properties. It serves as a key intermediate in the synthesis of fluorogenic substrates for enzyme activity detection, particularly in assays involving proteases and esterases. Its trifluoromethyl and benzyloxy groups enhance lipophilicity and stability, making it suitable for cell-based imaging and tracking metabolic processes. Also employed in the development of sensors and labeling reagents for studying biological systems.