Used as a fluorescent probe in biochemical assays due to its ability to bind to specific proteins and emit detectable light signals. Employed in the development of sensors for metal ion detection, particularly aluminum and zinc, in environmental and biological samples. Acts as a precursor in the synthesis of flavonoid-based pharmaceuticals with potential anti-inflammatory and anticancer activities. Investigated for its role in photodynamic therapy as a photosensitizer that generates reactive oxygen species under light exposure. Also utilized in organic electronics as a component in light-emitting materials.