Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form hydrogen bonds and interact with biological targets. Also employed in the design of antimicrobial and anti-inflammatory agents. Its structure supports derivatization for optimizing drug potency and selectivity. Additionally, it is studied for applications in luminescent materials or chemical sensors due to its good light absorption and emission properties.