Used primarily in research settings as a fluorescent probe due to its natural fluorescence properties. It helps in studying cellular structures and tracking molecular interactions in biological systems. Its ability to bind selectively to certain biomolecules makes it valuable in imaging applications, especially in microscopy. Also investigated for potential antimicrobial and antifungal activities, showing promise in early-stage studies for developing new therapeutic agents. Limited use in industrial applications due to instability under prolonged light exposure.