Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules with potential antiviral and anticancer properties. Its structure supports binding to specific enzyme targets, making it valuable in medicinal chemistry for designing inhibitors. Also employed in the preparation of fluorescent probes due to its favorable photophysical characteristics, useful in imaging and diagnostic applications. Additionally, it serves as a building block in agrochemicals for creating novel pesticides with improved selectivity and environmental profiles.