Used extensively as a fluorescent labeling agent in biochemical research, it helps in the detection and quantification of various biomolecules. Its application is crucial in studying enzyme activities and protein interactions due to its high sensitivity and stability under different conditions. Additionally, it serves as a derivatization reagent in chromatography to enhance the detection of amino acids and other compounds. The compound's ability to form stable, fluorescent adducts makes it valuable in analytical chemistry for trace analysis and in biological assays for real-time monitoring of cellular processes.