Used as a key intermediate in the synthesis of flavonoid derivatives, which exhibit antioxidant, anti-inflammatory, and anticancer activities. Commonly employed in pharmaceutical research for developing novel therapeutic agents targeting oxidative stress-related diseases. Also utilized in the preparation of fluorescent probes due to its inherent chromophoric properties, making it valuable in biochemical imaging and sensor development. Its structure serves as a scaffold in medicinal chemistry for optimizing drug candidates with enhanced bioavailability and target specificity.